![]() ![]() Here in Singapore, the space industry has created good jobs for skilled workers and high-value economic opportunities for our companies. The space industry has also driven broader economic growth. The global space industry is valued at over US$400 billion today, and is set to more than double by 2030 to over US$1 trillion.ĥ. Private investments in space companies, especially from venture capital firms, have grown steadily over the past decade. In recent years, we have seen significant growth of new technologies, services, and business models in the space sector. I would like to congratulate OSTIn on its 10 th anniversary, and commend its effort as Singapore’s national focal point in space.Ĥ. It has been a keystone of Singapore’s efforts in the space sector. Today, OSTIn serves as Singapore’s national space office. Ten years ago, at the GSTC 2013, I announced the formation of the Office for Space Technology and Industry (OSTIn), under the Economic Development Board. Over the years, it has grown to become a cornerstone of the space industry in the Asia Pacific, and has provided a valuable platform for collaboration and partnerships here in Singapore.ģ. ![]() One tangible manifestation of our efforts is this GSTC forum itself. Singapore recognises the importance of the space ecosystem and has been a steadfast supporter of its development. It is my pleasure to join you today at the Global Space and Technology Convention (GSTC) 2023.Ģ. ![]()
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