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Report reveals space sector contributes $1.7 billion to economy

Author
Newstalk ZB,
Publish Date
Fri, 15 Nov 2019, 2:43PM
Rocket Lab's Peter Beck. Photo / Supplied

Report reveals space sector contributes $1.7 billion to economy

Author
Newstalk ZB,
Publish Date
Fri, 15 Nov 2019, 2:43PM

Space is the new frontier for business in New Zealand.

An economic report has revealed the space sector contributed almost $1.7 billion to the economy last year.

Rocket Lab chief executive Peter Beck told Mike Hosking it was only a matter of time before the industry blasted off.

He says Rocket Lab was the foundation, and they're now seeing lots of exciting new start-up companies.

“It’s been a very rapidly growing industry. If you look at the space industry globally, a Morgan and Stanley report shows it will be $2.7 trillion by 2020.”

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ON AIR: Sunday Night Talk

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