Rocket Lab says rivals could come to NZ but it has nabbed the best launch site. New Zealand's "space economy" is now contributing $1.69 billion to the New Zealand economy, according to a new report commissioned by the Government. ALDEN WILLIAMS/STUFF Minister for Economic Development Phil Twyford on Thursday released a report showing New Zealand's space industry was worth $1.69 billion. "The findings of this report show that New Zealand is extremely well-placed to increase its share in the NZ$647 billion global space economy," Twyford said. He expected the company would only ascend, along with a global space industry expected to be worth $2.7 trillion by 2040.

Source: Stuff November 14, 2019 03:24 UTC