Interim CEO of Investment NSW Katie Knight said hosting the world-class event will bring the world of space to NSW and showcase the state’s capabilities, expertise and investment opportunities.
“Our state already generates up to 75 per cent of Australia’s space-related revenue and 41 per cent of the country’s space businesses are based in NSW. Hosting IAC 2025 will reinforce NSW as the Australian gateway to the global space community,” Ms Knight said.
“The five-day event will attract thousands of visitors to our state generating an estimated $21 million in direct expenditure delivering a big economic boost to local businesses.
“Our successful bid over prominent international space destinations is evidence of our rapidly growing standing on the world space stage, and we couldn’t be more thrilled.”
The successful bid, announced at this year’s Congress in Paris, recognises the rapidly growing space industry ecosystem in NSW and across Australia. This success was underpinned through a joint submission made by the NSW Government, the Australian Space Agency, the Space Industry Association of Australia (SIAA) and Business Events Sydney.
Enrico Palermo, Head of the Australian Space Agency said IAC 2025 will cement Australia’s place on the international map for space innovation and development.
“The International Astronautical Congress is more than an event, it’s a global platform to promote Australia’s space programs, capability and industry talent. Hosting thousands of the most important players from the global space community will give us a unique chance to show how far Australia has advanced as a space-faring nation – creating opportunities for industry and inspiring a new generation of Aussies” Mr Palermo said.
James Brown, CEO of the SIAA said the global space event will bring the best in the industry to collaborate with home grown talent, expanding local businesses’ professional networks and development.
“Australia has both a proud history and a bright future in the global space industry. We are a pivotal partner for global space missions and a responsible voice in maintaining the sustainability of space,” Mr Brown said.
To find out more about how the NSW Government is supporting and expanding the state’s space industry, visit: https://www.investment.nsw.gov.au/space
