Norwegian space industry hopes to become the country's next oil bonanza
Published
The Norwegian space industry hopes to become the next major industry for Norway, just as oil was several decades ago. Several Norwegian companies are working with space technology, and many see the space sector as a new source of jobs and income for the country.
Jon Kåre Stene, partner in the company Skyfall, says the industry has made good progress. He believes Norway has good prerequisites for success, partly because of expertise in technology, satellites and ocean-based activities. He also says it is important to cooperate with other countries and companies, because space projects are very demanding and costly.
At the same time, the space industry is still small in Norway, and it depends on large investments and government support. Stene expressed optimism about the future and said the companies have received several contracts recently. He used an expression that shows he is pleased with the development: "We have won the lottery again."
It is still unclear how large the income from the space sector can become, and how quickly the development will happen. Many experts stress that the space industry must build on international cooperation to succeed. For Norwegian readers, the story is especially interesting because it may affect the economy and the labour market in the years to come.
Sources: Finansavisen
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