Why Space is the Backbone of Europe’s Economy

Space is often associated with rockets and missions to the Moon. But space technology underpins many of the services we rely on every day — from navigation and weather forecasting to communications, agriculture and secure financial transactions.In this episode of Invested by Europe, Pierre Limouzin, senior investment officer at the European Investment Bank, explains why space has become a strategic sector for Europe’s economy and security. He discusses how falling launch costs and new technologies have transformed the industry, what makes investing in space different from other tech sectors, and why strengthening Europe’s space ecosystem is essential for competitiveness and sovereignty.We also explore how satellite manufacturing is changing, the dual‑use nature of space technologies, and how space data could shape daily life in the years to come — from Earth observation to more futuristic applications such as manufacturing and healthcare research that’s carried out in space.Invested by Europe explores the forces shaping the European economy. In each episode, we hear from experts working on some of Europe’s most important long‑term challenges — and how investment is helping turn innovation into impact. Hosted on Acast. See acast.com/privacy for more information.