New Zealand’s space sector has been developing rapidly since the first rocket lifted off in 2017. It now contributes about NZ$1.7 billion in revenue, with plans to grow to $10 billion by 2030.
Last year, New Zealand hosted seven rocket launches, all by the US-listed but local company Rocket Lab. It was in response to Rocket Lab’s initial proposal for a launch site that New Zealand developed a regulatory system from scratch in less than two years to meet obligations under international law.
