The EU Commission proposed a new Space Act aimed at creating a competitive single market for space services and data by reducing regulations and protecting space assets. EU Commissioner Andrius Kubilius emphasized that growth in space will lead to job creation on Earth. The regulation seeks to harmonize fragmented space rules in Europe, which currently lags behind the US and China in public and private space investment. The proposal includes measures to enhance the EU's industrial presence in the global space economy and address increasing congestion and risks in space. Teljes cikk (Euronews.com)