,.. Establish New Fund for Space Sector
SES and the Luxembourg Government announced today that they have reached an agreement to renew SES’s concession to operate satellites flying under Luxembourg jurisdiction for 20 years, effective from January 2022 when the current concession expires, with an annual fee of EUR 1 million from 2025 onwards.
As part of the agreement and starting from 2022, SES will also contribute a maximum of EUR 7 million per year into a fund to support and strengthen the Luxembourg space sector as well as benefit the wider local economy.
Suzanne Ong – photo Business Wire