South Australia and the ACT team up to pursue national space agencyStaff Writer | August 22, 2017
The South Australian and ACT governments will push for a national space agency arguing it will allow the country a bigger slice of the $420 billion a year industry.
Science and technology A $420 billion a year industry
“The space sector has enormous growth potential and is a perfect fit for South Australia, given our national leadership in other high-tech industries,” Mr Weatherill said.
“The space sector will provide opportunities for traditional manufacturers to transition to a high-tech, high-growth sector.”
Australia is one of only a few developed countries without a national space agency, even New Zealand established its agency last year.
The SA premier says the agreement will encourage other states to push the federal government to look at a national agency.
The Australian space industry is worth between $3 billion and $4 billion a year and employs 11,500 workers.
Mr Weatherill said if a national agency was established the industry could be worth up to $18 billion in a few years. ■