In a joint communiqué, the companies claimed it to be the world’s largest data lake of its kind. Funded by the LSA through its national space programme, LuxImpulse, the resource will provide information used for tracking ships, vessels and airplanes globally--including temperature, atmosphere and pressure changes--in a bid to “spur the development of commercial space research”. 

In the communiqué, LSA CEO Marc Serres said, “There are numerous present and future opportunities for space data in the energy, transport and logistics sectors, just to name a few. Also, global challenges due to growing populations, increased demand for resources and climate change require information about our planet which space-based solutions can provide.”

CEO and co-founder of Spire Global, Peter Platzer, anticipates the initiative “will empower Luxembourg to attract ambitious companies looking for an enabling environment for research and product development by providing Luxembourg with a unique differentiator on the global business marketplace.” 

Platzer, speaking to Forbes, revealed that entities in the grand duchy would need to determine for themselves how to use the data, but added that the data could, for example, be used to detect plastic debris in oceans.