Lasas: SpaceX’s arrival in Lithuania is good for people, businesses

“This movement is not yet important in terms of investment but it opens up good opportunities for the future. They also need ground stations, and I don’t know if they are interested in our territory and need them. “Lasas told BNS. .

SpaceX’s specific investment plans in Lithuania are not yet clear, he said, adding that the arrival of Internet Starlink would be good for residents and startups.

“Being one of the first to have the Starlink connection, we can create a technology using this platform. It’s a huge thing, I think, it’s a very good opportunity for a small country to be a leader in this field, ”said the businessman. .

Mantas Katinas, former director of Investuok Lietuvoje (Invest Lithuania), the Lithuanian foreign investment promotion agency, believes that SpaceX’s decision to enter Lithuania could be linked to the regulatory environment and political support from the State.

“In fact, this is not the first time that Lithuania has used this strategy to try to provide flexibility for innovative companies to test certain solutions, and this can be one of our main advantages,” Katinas told BNS.

He says, however, that it’s difficult to comment on the scale of the investments without knowing SpaceX’s specific plans.

BNS reported earlier today that SpaceX, an aerospace technology company founded by Tesla CEO Elon Musk, had registered a company in Lithuania.

Starlink Lithuania was registered on Wednesday with Starlink Holdings Netherlands as sole shareholder and Lauren Dreye, director of human resources and business operations of SpaceX, as CEO, according to information from the Lithuanian Registry Center.

There are currently over 1,100 Starlink satellites in Earth orbit. The space network of Internet connection should eventually extend to 12,000 satellites.

Copying and republishing of the text of this publication is prohibited without the written permission of UAB “BNS”.

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