"The announcement was made yesterday (Feb. 2) at the inaugural Space Summit at the Sands Expo and Convention Centre, and officials said the new agency is meant to give the city-state a more coordinated approach to what is becoming one of the world's fastest-growing technology sectors. The National Space Agency of Singapore (NSAS) will sit under the Ministry of Trade and Industry, which said the agency will oversee the development and operation of Singapore's space capabilities while also establishing legislation and regulations to support innovation, safety, and commercial growth in the sector."
"Global investment in space is booming, with worldwide funding reaching record levels in 2025 and expected to continue rising, according to data cited by investment firm Seraphim Space. Governments and private investors alike are pouring capital into satellites, launch services, Earth observation, and downstream data applications."
""We want to fully harness the value and opportunities of the growing global space economy," the Ministry of Trade and Industry said in a statement."
Singapore will establish the National Space Agency of Singapore (NSAS) on Apr. 1 under the Ministry of Trade and Industry to oversee development and operation of space capabilities. The agency will also establish legislation and regulations to support innovation, safety, and commercial growth in the sector. Global investment in space has reached record levels and is expected to continue rising, with capital flowing into satellites, launch services, Earth observation, and downstream data applications. Singapore aims to exploit strengths in advanced manufacturing, aerospace engineering, microelectronics, precision engineering, and AI to compete in high-value segments of the space economy without domestic launch facilities. A key component will be a multi-agency operations centre.
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