In the face of an emerging new space industry and increasing cyber threats, the European Commission announced its “Space Package”, which outlines the ambition to establish a €6 billion public-private partnership for the development and deployment of a new European secure, space-based connectivity infrastructure between 2023-2027. Simultaneously, it lays the foundation for an upcoming legislation on Space Traffic Management, expected in Q4 2024. Learn more about the EU’s space ambitions in our note below.

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