Countdown on for NASA down under

Lift off for the Australian space agency isn’t too far away, but it’s not going to turn into a mission to Mars.

The whole aim of the exercise is to get a bigger slice of the intergalactic financial pie.

The Federal Government and Opposition detailed their plans at the 68th International Astronautical Congress in Adelaide today.


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Currently in Australia, the space industry is worth about $4 billion and employs 11,500 workers.

We are the only developed nation without a space agency, however the South Australian Government estimates a space agency down under could boost that to $18 billion within three years.

Both South Australia and the Australian Capital Territory are jostling for a big share of the proposed program, however all States will be in the running.

Even if the Coalition loses the next election the agency will still be created, with Labor also committing to its formation.