Aerospace

In Piemonte the new economy of space takes shape

From space tourism to new satellite applications, Piemonte is at the forefront of the new space economy.

There are already 700 people on the waiting list for the first suborbital flight operated by Virgin Galactic. This number testifies the great interest in space tourism. A fundamental role in this race to the new frontier of tourism will be played by Piemonte, north-western Italian region which has always been a leading player in the international aerospace industry. The agreement signed between Altec, based in Torino, and Virgin Galactic, in fact, will lead to the development of an Italian spaceport where to perform suborbital experimental flights, train astronauts and pilots and test the possibilities of space travel for entertainment purposes.

In the global aerospace scenario new players are joining the traditional Agencies. It is the new space economy: in addition to major institutional projects, numerous "private" initiatives are flourishing, ready to exploit the advantages of the new space business. Tourism is certainly one of the most suggestive experiences of this type, but it is not the only one. Launcher systems, satellites and satellite data are changing the way the economy is conceived on an international scale.

Large international players, technological companies and a propensity for innovation and hybridization are required by this new trend and are the characteristics that have contributed to making Piemonte an ideal region for the new space economy. An emblematic example is the agreement reached between Thales Alenia Space, one of the 5 international key players in the region, and the American NanoRacks: this alliance will lead to the development of the first private airlock to be installed on the International Space Station. In Piemonte, the large aerospace industry has been a driving force for the growth of a complete ecosystem of highly specialized and innovative small companies. It is not surprising, therefore, that the American Tyvak has decided to open its European subsidiary in this region.

The company deals with the engineering, development, launch and in-orbit operations of fully integrated satellite systems that can have scientific and commercial uses, particularly in the field of telecommunications. The rise of the cubesat, small and light satellites, will help stimulate competition, making the commercial launch sector more accessible. The Politecnico di Torino was among the universities that first developed this technology that facilitates frequent and affordable access to space. In this field, the Piemonte’s actors are able to design, build and operate complete satellites, but also provide innovative miniaturized and low-cost equipment.

From space tourism to new technologies, Piemonte is a forerunner in the field of technology transfer to the heart of the new space economy. To know all the opportunities for the aerospace sector in Piemonte, please fill in the attached form.

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