Veteran New Space VC, aka the Luxembourg government, backs IoT startup OQ Technology

by Peter B. de Selding

PARIS – The Luxembourg government, which has facilitated and financed more startup space projects –both near-term commercial and Hail Mary-type call-me-in-a-decade-type ventures -- than governments 10 times its size, on Sept. 17 announced it had found another: IoT constellation startup OQ Technology

When the history of New Space is written, top-end, billion-dollar entrants like Elon Musk (SpaceX), Jeff Bezos (Blue Origin), Richard Branson (Virgin Galactic/Virgin Orbit) and Paul Allen (Stratolaunch) will share we-made-it-happen honors with smaller-scale pioneers . . .

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