ADELAIDE STARTUP JOINS THE SPACE RACE BY PARTNERING WITH FRENCH AGENCY

SPACE startup Fleet has announced a partnership with French space agency CNES as the Federal Government announced the creation of an Australian space agency to cash in on the $420 billion aeronautical industry.

CNES will track and support Fleet's first nanosatellites once launched, with the satellites creating a global network that will be free to use by sensors and devices worldwide.

Fleet's news follows the announcement from the Federal Government of the creation of an Australian space agency which is expected to create thousands of new jobs.

Currently the Australian space sector generates annual revenues of $3 billion to $4 billion and employs between 9,500 to 11,500 people, according to Shadow Minister for Science Kim Carr.

Co-founder and CEO of the Adelaide-based Fleet, Flavia Tata Nardini, says the support from CNES is strategically important in getting the nanosatellite program off the ground.

"Partnering with a leading international space agency puts us in a strong position for the future," says Tata Nardini, a former European Space Agency propulsion engineer. Read more

David Simmons - Business News Australia - 26 Sep 2017