New Tech, New Satellites, New Innovations
The European Union is accelerating the investment of more money into its space explorations, satellite communications and rocket launches. Europe and the European Space Agency (ESA) have been very successful in space. They want to increase their efforts and keep pace particularly with the US and Chinese space programs. This, according to European Commissioner Thierry Breton in a conversation with Reuters.
EU Space Innovations
For the first time, the EU budget will be used to develop new technologies to launch rockets, including reusable rockets like SpaceX has developed. Breton has several novel ideas to spur space innovation:
$1 billion euro Space Fund to support space startups$16 billion euros targeted just for space in the next EU budgetCompetition to provide free access to launches and satellites for startups.Bold Space Plan This is a bold and innovative space plan for the EU. It includes rolling out a new generat…