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business10h ago
The story behind how Lithuania is perfectly aligned to capitalize on an emerging space economy
- Lithuania secures a €122.5 million contract to build 280 satellites for SpinLaunch’s Meridian Space constellation.
- Lithuania vows a 1% GDP contribution from the space sector by 2027, backed by a surge in high-tech industries.
- Lithuania leverages partnerships with European agencies and NATO programs to strengthen its space capabilities.
- Experts say small satellite constellations lower costs and speed up market entry for new space players.
- Lithuania’s NanoAvionics is expanding with a new manufacturing footprint in Vilnius.
- Lithuania’s space sector has grown to include more than 40 space-related firms and ESA incubators.
- Lithuania cites a 15-year bet on digital infrastructure and talent as the reason for its tech ascent.
- The government links Lithuania’s space momentum to a broader European tech ecosystem.
- Officials emphasize resilience and upgradeability as core advantages of modular satellite buses.
- Lithuania collaborates with European and transatlantic partners to boost space capabilities.
- The government sees space as a growth engine aligned with regional tech leadership.
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