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Euronews

Can the EU jet itself into the space race?

European Union Andrius Kubilius United States Euronews Europe

The global space economy was valued at €572 billion in 2023, according to the European Space Agency, and it is estimated to reach €1.6 trillion in a decade.

The main focus of the new EU Space Act is launchers and satellites, which are increasingly important for activities as diverse as communications, navigation, meteorology and renewable energy.

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