Vision for the European Space Economy
Positioning the EU as a leader in space
Vision for the European Space Economy in a nutshell
On 25 June 2025, the European Commission unveiled its Vision for the European Space Economy, a first-of-its-kind initiative designed to position the EU as a global leader in the space economy by 2050.
The Vision marks a paradigm shift in how Europe approaches space policy. For the first time, the European space economy is addressed as a comprehensive ecosystem—encompassing not only the industrial base but also orbital and beyond-orbital dimensions, including emerging areas such as space mining and in-space resource use.
The Commission will launch a ‘Space Team Europe’—a high-level, inclusive forum of European space stakeholders including ESA and EUSPA—to unify fragmented efforts and consolidate capabilities across the EU
The Vision calls for:
- A pilot Seed Investment Facility, Growth Investment Facility, and Debt/Non-dilutive Financing Facility (linked to CASSINI).
- Enhanced cooperation with ESA and EUSPA to ensure seamless internal market procedures.
- A procurement platform for non-EU opportunities in coordination with EU Delegations.
Beginning in 2025, the Commission will develop a dedicated methodology to monitor:
- The EU’s competitiveness in space
- The EU’s share of the global space economy
These indicators will be integrated into the EU Competitive Compass Coordination Tool.
Europe’s space economy will be future-oriented and open to international partnerships—while safeguarding critical supply chains and securing access to strategic space technologies. Cooperation with ESA will also focus on aligning policies and actions under the Commission-ESA-EDA joint task force.
Next Steps
Implementation of the Vision begins immediately. The Commission will work closely with:
- Member States
- The European Space Agency (ESA)
- The EU Agency for the Space Programme (EUSPA)
- Private and public stakeholders across the space economy.
The strategy is fully aligned with other EU economic and innovation agendas, including:
- The Draghi, Letta, and Niinistö reports
- The Competitiveness Compass
- The EU Startup and Scaleup Strategy
Relevant Links
The global space economy is projected to reach €1.6 trillion by 2035.
The Vision will position the EU as a leader in the global space economy,
by strengthening our competitiveness, resilience, security and autonomy.