Singapore Launches Space Agency to Lead $1.8T Economy

Singapore is reaching for the stars with a bold new plan that could reshape its role in the global space economy.

At the inaugural Space Summit 2026, Minister Tan See Leng announced that Singapore will establish the National Space Agency of Singapore. The new agency will build on existing foundations to strengthen research, industry growth, and partnerships across the rapidly expanding space sector.

The timing couldn't be better. The global space economy is projected to reach $1.8 trillion by 2035, and Singapore wants a meaningful piece of that cosmic pie. By leveraging its existing strengths in artificial intelligence, aerospace, microelectronics, and precision engineering, the nation is positioning itself as a serious contender in space innovation.

The two-day Summit, held February 2-3 at the Sands Expo and Convention Centre, brought together policymakers, industry leaders, and innovators from around the world. The event wasn't just talk. Real partnerships took shape, with Singapore signing cooperation agreements with the Maldives Space Research Organisation and Spain's space agency.

Perhaps the biggest vote of confidence came from Aetosky, which announced it will establish its global headquarters in Singapore. The decision signals growing international trust in Singapore as a strategic hub for space-related innovation and growth.

The Ripple Effect

The Summit's impact extends far beyond government halls and boardrooms. New educational programs are bringing space technology into classrooms, with Ngee Ann Polytechnic launching a Space Technology specialization. Meanwhile, the School of Science and Technology Singapore partnered with Thailand's National Astronomical Research Institute to develop the next generation of space professionals.

Industry collaborations are already showing practical benefits. Arkadiah Technology and Golden Agri-Resources are using satellite remote sensing to monitor forests across Southeast Asia, protecting vital ecosystems. A consortium including Airbus, ST Engineering iDirect, Keysight Technologies, and MediaTek is exploring 5G and 6G non-terrestrial network solutions that could revolutionize connectivity.

These partnerships demonstrate how space technology can solve real problems on Earth. From protecting forests to improving communications in remote areas, Singapore's space ambitions are grounded in practical applications that benefit communities across the region.

For a small nation with big dreams, Singapore is proving that you don't need vast territory to reach the stars.