Space powers gather in Milan to discuss lunar exploration and competition, focusing on private initiatives.

From Investing.com: 2024-10-14 00:10:42

Space agencies gather in Milan to discuss Earth’s orbit and moon exploration. Despite geopolitical tensions, 77 member countries are in attendance. Focus is on lunar exploration, NASA’s Artemis program, and Europe’s need for sovereign access to space. Excitement is high with a record 7,197 abstracts submitted and 37% presented by students and young professionals.

NASA administrator Bill Nelson to seek support for ISS retirement replacement and the Artemis program. U.S. and China in a race to land humans on the moon this decade. They are competing for partner countries and relying on private companies. The conference also addresses Europe’s legislative framework for the space industry to compete with disruptive technologies.

Europe faces challenges with SpaceX’s dominance in accessing space and satellite operations. Countries pushing for new space companies for affordable rockets. Europe regains uncrewed access to orbit after a year-long hiatus. Capacity remains a concern post-Russia ties cut. Satellite manufacturing industry in Europe under pressure from low Earth orbit constellations.

Italy’s Leonardo, Thales, and Airbus discuss possible satellite activities combination. European Commission’s stance crucial for any potential merger. European strategists emphasize global competition over regional constraints. NASA’s move towards privately built ISS replacements driving transatlantic collaborations. Airbus and U.S. firm Voyager form a joint venture for research and operations in low-Earth orbit.



Read more at Investing.com: Moon race, private competition in focus as space powers gather in Milan By Reuters