What Happened
Government Backs Space Sector For Commercial And Strategic Gains
The UK has announced a £7.8 billion investment in space technology, aiming to leverage its expertise for commercial and strategic gains. This move is expected to have major implications for companies involved in satellite, in-orbit, and security technologies, including SaxaVord in Shetland. The investment is seen as a significant step towards establishing the UK as a major player in the space sector, according to World IP Review.