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Luxembourg invests in NorthStar

December 21, 2021

By Chris Forrester

Luxembourg, the domicile of satellite giants SES and Intelsat, has announced that its Luxembourg Future Fund (LFF) will invest in Canada’s NorthStar Earth & Space.

The new investment will build on the partnership between Luxembourg’s Ministry of the Economy and the Canadian-based company. NorthStar claims to be the first commercial service aiming at monitoring space via a constellation of satellites. Their dedicated optical sensors provide space traffic data, collision avoidance and navigation services.

LFF will co-invest €10 million in NorthStar, while the Luxembourg government will provide funding through its LuxIMPULSE, the national space program. Other research and development grants may also be awarded by the government in order to support the company’s local activities. In exchange, NorthStar will establish its European headquarters in Luxembourg.

The firm will set up a centre for Space Situational Awareness, Space Domain Awareness, and Space Traffic Management in the country. NorthStar will focus on providing space-based object tracking services to promote safe satellite operations and a sustainable space environment.

Meanwhile, NorthStar has appointed Kevin O’Connell, former Director at the Office of Space Commerce, Chairman of its US company Advisory Board.

Categories: Articles, Business, Funding, Satellite

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