Mexico & South Korea: Planning to compete with SpaceX

The Mexican government announced that it will promote the development of launch platforms, in partnership with the Korea Aerospace Research Institute, as part of the Mexican Space Plan 2026–2030.

Launch platforms are ground-based facilities from which rockets and space vehicles take off; this infrastructure is considered critical for participating in the space economy and reducing dependence on other countries to place satellites into orbit.

Since SpaceX’s debut on the NASDAQ with an initial public offering (IPO) priced at US$135 per share—with shares subsequently reaching a price of US$213, bringing the company’s market capitalization to more than US$2.7 trillion.

The Mexican Space Plan aims to strengthen the country’s international ties through a collaboration with the Korea Aerospace Research Institute to conduct a technical and financial feasibility study to evaluate the construction of launch platforms on Mexican soil.

The space sector is one of the most dynamic industries today. The sector’s economy is projected to reach US$1.8 trillion by 2035, thanks to advances in space technologies, according to the World Economic Forum.