The European Commission has proposed a new EU Space Act to create a unified and competitive single market for space services and data, in a move to strengthen Europe’s position in the rapidly growing global space sector.
The regulation, presented on Wednesday, seeks to streamline fragmented national rules, ensure fair competition, and protect EU space infrastructure, while offering targeted support for small and medium-sized enterprises across the space industry.
“This fragmentation is bad for business, bad for competitiveness, bad for our future in space,” said EU Commissioner for Defence and Space Andrius Kubilius, calling the initiative essential to securing Europe’s economic and strategic interests in space.
“The Space Act will allow us to grow in space. And growth in space means growth and jobs on Earth and in space,” he added.
The plan would apply to both EU and non-EU commercial operators, though it excludes military space activities.
The move comes as Europe faces growing pressure to catch up with major players like the U.S. and China, which have scaled up both public and private investment in space technologies.
The global space economy, valued at €572 billion in 2023, is forecast to nearly triple by 2035, potentially reaching €1.6 trillion, according to the Commission.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
European metal producers are urging the EU to restrict scrap exports, warning that rising US demand driven by Trump’s 50% tariffs threatens Europe’s green transition and efforts to cut carbon emissions.
More than 110 million people across Europe — or more than 20% of the population — are exposed to dangerous levels of transport noise that threaten human health, the environment, and economic stability, according to a new European Environment Agency (EEA) report released today (24 June).
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
World leaders convened in the Netherlands on Tuesday for a pivotal two-day NATO summit that could see member states agree to a historic rise in defence spending—or expose sharp divisions within the 32-member alliance.
South Korea and NATO have agreed to set up a new consultative body focused on defence industry cooperation, aiming to deepen collaboration through joint development and procurement initiatives.
The European Commission has proposed a new EU Space Act to create a unified and competitive single market for space services and data, in a move to strengthen Europe’s position in the rapidly growing global space sector.
The World Bank has approved over $1 billion in new funding to support rebuilding efforts and infrastructure development in Iraq, Syria, and Lebanon.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
Indonesia has conducted the first passenger-carrying test flight of the EHang 216-S flying taxi, marking a milestone in the country's push towards future urban air mobility.
The EU is moving to simplify and unify its space policy with a landmark proposal—the EU Space Act aimed at boosting Europe’s competitiveness in the global space economy and establishing a single, streamlined market for space services.
An historic mission began early on Wednesday (25 June) as astronauts from India, Poland, and Hungary were launched to the International Space Station (ISS) for their countries’ first-ever visit. They were joined by NASA veteran Peggy Whitson.
South Korea and NATO have agreed to set up a new consultative body focused on defence industry cooperation, aiming to deepen collaboration through joint development and procurement initiatives.
The European Commission has proposed a new EU Space Act to create a unified and competitive single market for space services and data, in a move to strengthen Europe’s position in the rapidly growing global space sector.
The World Bank has approved over $1 billion in new funding to support rebuilding efforts and infrastructure development in Iraq, Syria, and Lebanon.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
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