24/7 Space News
Wanted: bright ideas to develop the lunar economy
ESA has launched a competition for visionary business ideas that use lunar communication and navigations services to address customer needs on Earth and on the Moon.
Wanted: bright ideas to develop the lunar economy
by Staff Writers
Paris (ESA) Oct 10, 2023

ESA is calling for visionary ideas for how to use a constellation of communication and navigation satellites around the Moon to establish lunar businesses - and unlock opportunities on Earth.

Hundreds of missions to the Moon are due to be launched in the coming years. To create a sustainable lunar link, ESA has initiated its Moonlight programme to support space companies in Europe to create a constellation of lunar satellites. The satellites will offer communication and navigation services that could empower entrepreneurs to create innovative businesses for customers on the Moon and on Earth.

These businesses will create new jobs in Europe and around the world. Economic consultants have estimated that the total lunar revenue opportunities could be euro 40 billion over the next decade, rising to almost euro 160 billion up to 2040.

For example, utilities companies could use lunar connectivity to remotely manage power generation, storage, and distribution infrastructure on the Moon. Mining companies could use lunar satellite positioning to accurately locate and extract water, oxygen and hydrogen for life support and propellant, as well as mining material for building a lunar base.

Data companies could use the satellites to communicate with secure data centres on the Moon that store data in the cold conditions at the lunar poles. Entertainment companies could exploit the lunar environment for games, movies and other leisure activities that use lunar positioning and data exchange between the Moon and Earth.

Having a long-term robotic or human presence on the Moon could require innovative services that exploit Moonlight's capabilities. The creation of such businesses could boost the lunar economy by using commercial opportunities on Earth - from new developments in agriculture and transport to life support systems and medicine - on the Moon.

ESA has launched a competition for visionary business ideas that use lunar communication and navigations services to address customer needs on Earth and on the Moon. It expects to offer one-year contracts to develop and assess the feasibility, viability, and demand by potential customers of the ideas. The best ones may be eligible to apply for follow-on opportunities - companies are invited to become pioneers of the lunar economy by submitting their brightest ideas.

Related Links
Connectivity and Secure Communications at ESA
Mars News and Information at MarsDaily.com
Lunar Dreams and more

Subscribe Free To Our Daily Newsletters

The following news reports may link to other Space Media Network websites.
Firefly Aerospace completes Blue Ghost Lunar Lander Structure
Cedar Park TX (SPX) Oct 05, 2023
Firefly Aerospace, an end-to-end space transportation company, has completed the development and assembly of its Blue Ghost lander structure and fluid systems, a critical milestone for Firefly's first lunar mission slated to land on the Moon in 2024 as part of NASA's Commercial Lunar Payload Services (CLPS) initiative. This mission is one of three task orders Firefly has won under NASA CLPS, accounting for more than $230 million in awards. "The Firefly team is extremely passionate and dedicated to ... read more

US astronaut gets used to Earth after record-setting 371 days in space

HALO Space successfully completes second battery of test flights

Beyond the Frigid Void: Per Wimmer's Adventures in the Shadows of the Known

Russian ISS segment springs third leak in under a year

NASA prepares Artemis II rocket core stage for final assembly phase

Evolution Space to produce and test solid rocket motors at Stennis

Vega flies to bring satellites to space

France's Arianespace launches 12 satellites into space

Preparing To Drill: Sols 3975-3976

Fly across Mars's 'labyrinth of night' with Mars Express

Eclipse on Earth, Exploration on Mars

Bumping to a Better Position: Sols 3973-3974

Astronauts honored for contributions to China's space program

China capable of protecting astronauts from effects of space weightlessness

Tianzhou 5 spacecraft burns up on Earth reentry

Crew of Shenzhou XV mission honored for six-month space odyssey

Sidus Space reports registered direct offering and concurrent private placement for $2M

Terran Orbital shareholders send open letter to Board

Stoke Space Announces $100 Million in New Investment

Relativity Space and Intelsat sign multi-launch agreement for Terran R

Terran Orbital opens new printed circuit board assembly facility

Five Things to Know about NASA's Deep Space Optical Communications

NASA's Roman mission gears up for a torrent of future data

Astroscale Japan to inspect a large defunct satellite in orbit

Researchers capture first-ever afterglow of huge planetary collision in outer space

Astronomers discover first step toward planet formation

Extreme habitats: Microbial life in Old Faithful Geyser

James Webb telescope captures planet-like structures in Orion Nebula

Plot thickens in hunt for ninth planet

Large mound structures on Kuiper belt object Arrokoth may have common origin

Plot thickens in the hunt for a ninth planet

Webb finds carbon source on surface of Jupiter's moon Europa

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.