In December 2019, the Luxembourg government signed a letter of intent with NorthStar Earth & Space, the first commercial service aiming at monitoring space, from space, via a constellation of satellites with dedicated optical sensors to deliver timely and precise space traffic data, collision avoidance and navigation services. The intention was to create a centre of excellence for clean space in Luxembourg and to consider a contribution to NorthStar and its innovation activities in order to promote the safe and sustainable use of outer space for the benefit of all humanity.

A European HQ focusing on sustainable space

NorthStart Earth & Space announces at a press conference with Minister of the Economy that it will establish its European HQ focused on sustainable space activities in LuxembourgAs a result of this cooperation, NorthStar announced on 17 December 2021 its decision to establish its European headquarters in Luxembourg. The company will set up a centre of excellence for Space Situational Awareness (SSA), Space Domain Awareness, and Space Traffic Management. It plans to cooperate with local players such as the one in charge of the national high-performance computer MeluXina. NorthStar’s activities will focus on the delivery of high-performance space-based object tracking services that support safe satellite operations to help maintain a sustainable space environment.

Luxembourg has a long-celebrated reputation for creating pioneering partnerships with private space companies that generate technological advances and innovation.

“NorthStar’s approach is paving the way to a safer and sustainable future in space,” commented Minister of the Economy Franz Fayot. “Luxembourg has a long-celebrated reputation for creating pioneering partnerships with private space companies that generate technological advances and innovation for sustainable activities both in space and on Earth.”

Luxembourg investment

The Luxembourg Future Fund (LFF) will co-invest with Telesystem Space Inc. in a 40 million Euro round of NorthStar Earth and Space, while the Luxembourg government will provide, to the extent applicable, funding through the national space program LuxIMPULSE managed by the Luxembourg Space Agency (LSA) or through other research and development grants in order to support NorthStar’s local activities.

“This strategic investment reinforces the Luxembourg space cluster and helps strengthen the country’s positioning as one of the leading locations for space technology companies in Europe and worldwide,” said Chairman of the LFF Board Patrick Nickels.

Choosing a vibrant space community

For NorthStar, coming to Luxembourg is a highly strategic choice. “We are delighted to be establishing our European headquarters in Luxembourg, a leader in Space, Finance and Reinsurance. Luxembourg’s pioneering work to develop SES Global, the world’s largest commercial satellite operator and continuing initiatives and investments in ICT play a significant role in the New Space economy,” said Charles Sirois, the Chairman of NorthStar.

NorthStar is eager integrate into this vibrant and creative community of space leaders and visionaries.

“Realizing all the potential space will offer future generations depends entirely on delivering transformational commercial services to ensure the safety and sustainability of near-Earth orbits,” the company’s CEO and founder Stewart Bain pointed out. “NorthStar is privileged to receive this important investment from the Luxembourg Future Fund to help facilitate the launch of NorthStar’s unique space based SSA services. NorthStar is eager integrate into this vibrant and creative community of space leaders and visionaries. Luxembourg has a rich space heritage and presents an exciting opportunity to leverage its talent and expanding capabilities.”

Read more

Year-on-year inflation lowest in Luxembourg


Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
Read more

Mission to Latvia presents potential business opportunities


A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
Read more

How to succeed with your expansion into Europe: the experts’ top tips


Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
Read more

Fortress, history, identity


Art and history lovers can find their heart’s desire in Luxembourg City by walking along the so-called MuseumSmile, which is home to no less than seven museums.
Read more

University of Luxembourg ranks 4th worldwide for its high international outlook


The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
Read more

Resources all news