Mexico seeks to enter the rocket launching market: AEM

MEXICO - After several working meetings between the Secretary of Infrastructure, Communications and Transport (SICT), Jorge Nuño Lara, and the President of the South Korean space agency, Korea Aerospace Research Institute (KARI), Sang-Ryool Lee, the Collaboration Agreement for space development was signed with the Mexican Space Agency (AEM).

Salvador Landeros Ayala, general director of the AEM, said that this agreement has the objective of developing space infrastructure in Mexico. In order to do so, a joint feasibility study on launch platforms will be carried out, seeking to initiate Mexico's incursion into the global satellite launch market with this infrastructure.

Through a press release, the SICT pointed out that the signing of the Agreement strengthens the bilateral cooperation ties between KARI and the AEM for the development of infrastructure, mapping and natural disaster prevention, thanks to satellite technology.

According to the international consulting firm Bryce Tech, the global revenue stream in the launch services business has a market value of approximately 128 billion pesos per year.

Therefore, and given the strategic geographic position of our country, the project could respond to the international market demand for these services, and take advantage of the phenomenon of relocation of companies in Mexico (nearshoring) to strengthen the national space industry.