China is now a global space power, and notably the only nation besides the US to have successfully landed a rover on Mars and made it move.
However, further investment is still needed to compete with the US: China’s budget for space activities as a whole is $20bn.
While private players are an asset in space strategies, most Chinese players are heavily subject to state control and political decisions.
China is currently seeking to prioritise the use of resources on the Moon, using ISRU (In Situ Resource Utilisation) to contribute to the operation of its facilities.
Today, China has clear objectives: to send a Chinese citizen to the Moon, to set up a scientific exploration base, etc.
Professor at Université Toulouse-Capitole and HEC Paris
Key takeaways
In total, five conventions and their principles currently constitute a solid legal foundation, accepted by all and whose authority is so far undisputed.
The Outer Space Treaty prohibits sovereignty claims by a State, but it says nothing about private property.
The Artemis Accords are a legal instrument whose signature conditions the cooperation of States with the United States and sets forth a set of new principles among which private property in space is inscribed.
The adoption of international technical standards is essential to the development of space activities and equipment interoperability.
Officially, space is not a ground for hostilities although it is already heavily militarised – particularly with surveillance satellites.
Today, European space industry is well developed both in the field of launchers and satellites and in space applications.
Compared with major players in the sector – namely the USA – Europe’s space industry is rather fragmented so must defend its strategic autonomy and strengthen its capacities.
Europe also suffers from a lack of private funding in the space sector.
Around 40% of the European space industry's turnover comes from the commercial sector, a much higher percentage than in the United States.
Europe has the potential to keep its place as a major global space power thanks to an excellent education system, high-performance industries, etc.
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