Wednesday, January 25, 2006

Isle of Man a Modern Space Mecca

Recognizing the lucrative nature of the growing commercial space-launch industry, legislators in the Isle of Man have agreed to aggressively pursue more space technology companies to move to their island, located near the center of the Irish Sea.

Recently world's largest satellite operator SES Global has announced in 2006 it will open its own subsidiary on the Isle of Man, joining Inmarsat, Boeing, Sea Launch and Loral, who already conduct space-related business there.

In 2005 the commercial space market generated $125 billion for the world's economy. Enough to make even the smallest locales sit-up and take notice.

Especially if they sit in a good launch location...or boast a decent tax rate...

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