00:00Singapore is set to launch a national space agency on April 1,
00:04taking a key step into the rapidly growing global space economy.
00:08The Ministry of Trade and Industry says it will oversee the new agency,
00:12positioning the city-state to play a bigger role in international space development.
00:19According to the Ministry, the country's strengths in advanced manufacturing and aerospace,
00:23together with capabilities in microelectronics, precision engineering and artificial intelligence,
00:30provide a strong foundation for the development of space technologies.
00:34The timing of the move is notable as global investment in space technology reached record levels in 2025
00:40and industry data from Serafin Space suggests investment is expected to continue rising.
00:47The new National Space Agency of Singapore will be responsible for developing and operating national space capabilities.
00:55It will also put in place legislation and regulatory frameworks
00:58designed to support innovation and enable space-related businesses to grow.
Comments