As one of the few major developed body politic left without a distance representation , the Australian political science has announce that it will take the plunge andestablish a home outer space agency . The hope is that the move will allow Australia to take a slice out of the ever - grow blank industry , and shake jobs and innovation at the same time .
Australia stand out as one of the only developed countries in the humankind without its own space agency , and as such is miss out on an industry think to be worth around USD $ 334 billion globally . Details are a little thin on the priming coat so far , but it is gestate that further point will issue during this week ’s 68th International Astronautical Congress taking station in Adelaide .
Currently , it is recollect that the private aerospace sphere in Australia employs around 11,500 hoi polloi , generatingroughly USD $ 3.1 billion , or approximately 0.6 to 0.9 percent of the existing mankind market . The plan so far is to double this capacity within the next five years . This is expected to beget chiliad more job and stimulate this part of the saving further , as well as importantly cut down Australia ’s reliance on other nations for the industriousness .
“ A home space federal agency will assure we have a strategic long - term programme that support the maturation and program of outer space engineering and grow our domestic place industriousness , ” enounce Australia ’s Industry Minister Michaelia Cash in astatement . Cash go on to say in a rather Byzantine fashion that “ the agency will be the anchor for our domestic coordination and the front door for our international engagement . ”
This class saw Australialaunch its own satellitesfrom Cape Canaveral for the first time in 15 years . Despite only being around the size of a toaster , it is hope that they will help goad on Australia ’s entry into the global satellite manufacture , something that this late assertion is predicted to cement further .
There is expected to be a review on the promulgation next year , after which other details about the project , such as where it will be located and the price of the political program , will be determined . It is expect that detail on how it will be funded – and how much money the agency will get – will be let in in the May budget .
