Singapore plots economic lift-off with satellites, spacecraft, 25 Jul 2013
Singapore’s foray into the $300 billion-a-year space industry may seem like a lucrative venture, but the path is lined with risks, especially in satellite manufacturing where Western firms have long dominated and entry barriers are high.
The push into space technology, announced earlier this year, will initially focus on satellites to meet growing demand for top-speed Internet connections as well as high-resolution images commonly used in surveillance, forestry and energy exploration.
The venture may also help rekindle Singapore’s electronics sector by creating high-paying jobs in the satellites and components segment to replace jobs lost with the decline of disc media and computer parts manufacturing. Full story