{"id":270059,"date":"2026-02-02T10:22:08","date_gmt":"2026-02-02T10:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/270059\/"},"modified":"2026-02-02T10:22:08","modified_gmt":"2026-02-02T10:22:08","slug":"singapore-to-launch-space-agency-in-response-to-global-investment-surge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/270059\/","title":{"rendered":"Singapore to launch space agency in response to global investment surge"},"content":{"rendered":"\n<p class=\"yf-vbsvxt\">SINGAPORE, Feb 2 (Reuters) &#8211; Singapore will launch its own space agency on April 1 \u200bas it bids to &#8220;fully harness the \u200cvalue and opportunities of the growing global space economy&#8221;, \u200cthe country&#8217;s trade ministry announced on Monday.<\/p>\n<p class=\"yf-vbsvxt\">&#8220;Singapore&#8217;s strengths in advanced manufacturing, aerospace, micro-electronics, precision engineering and <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> position us well to capture \u2060new opportunities in \u200cthe space technology sector,&#8221; said the Ministry of Trade and Industry, which \u200dwill run the new agency.<\/p>\n<p class=\"yf-vbsvxt\">Global investment in space technology is expected to climb further after hitting record \u200blevels in 2025, according to data from \u200cinvestment firm Seraphim Space.<\/p>\n<p class=\"yf-vbsvxt\">The announcement was made at an inaugural space summit by Tan See Leng, a minister in charge of energy technology at the Ministry of Trade and Industry.<\/p>\n<p class=\"yf-vbsvxt\">The National \u2060Space Agency of Singapore \u200bwill develop and operate the \u200bnation&#8217;s space capabilities and develop legislation and regulations which support innovation and businesses, \u200damong other \u2060functions, the ministry said.<\/p>\n<p class=\"yf-vbsvxt\">Singapore currently hosts 70 space companies, employing around 2,000 professionals in \u2060diverse roles and activities across the value chain, the \u200cministry said.<\/p>\n<p class=\"yf-vbsvxt\">(Reporting by Jun Yuan Yong; \u200cEditing by David Stanway)<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE, Feb 2 (Reuters) &#8211; Singapore will launch its own space agency on April 1 \u200bas it bids&hellip;\n","protected":false},"author":2,"featured_media":270060,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,140750,85,46,140748,140751,2252,140749,5409,19541],"class_list":["post-270059","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-global-space-economy","tag-il","tag-israel","tag-ministry-of-trade-and-industry","tag-precision-engineering","tag-singapore","tag-space-agency","tag-space-technology","tag-trade-ministry"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/270059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=270059"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/270059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/270060"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=270059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=270059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=270059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}