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Fly me to the moon – Germany eyes slice of lucrative space market

BERLIN Reuters) – Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion (774 billion pounds) a year by the 2040s.

The drive to give Germany a bigger role in space comes as European, Asian and U.S. companies stake out ground in an evolving segment that promises contracts for everything from exploration to mining of outer-space resources.

Firms likely to benefit from any future spending rise in Germany include Airbus, which co-owns the maker of Europe’s Ariane space rockets, and Bremen-based OHB.Read More

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