Queensland's space industry has received a boost from the Palaszcuk government, with funding will go to gold coast-based Gilmour Space Technologies. Treasurer and Minister for Investment Cameron Dick said the funding would bolster Gilmour’s latest round of private investment, which has secured $61 million dollars from around the world.
The funding could put Queensland in the running to enter the trillion dollar global space economy. These funds will go to new projects such as, construction of Gilmour Space’s unique Eris rockets, building sovereign satellite and rocket manufacturing capabilities, and building 'roads into space' with larger, government co-funded deals initiating new launch sites