Gold Coast business: Coast company at forefront of space industry set to be worth $12B by 2030

A GOLD Coast business is leading the charge in a growth industry set to be worth $12B to Australia in a handful of years. A conference which opens today will reveal how.

AUSTRALIA’S space industry will be worth $12 billion by 2030, a conference of industry scientists will be told on the Gold Coast today.

The 18th Australian Space Research Conference will be held at from today until Wednesday at the Mantra on View.

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An artist's impression of Gilmour Space Technologies' Eris orbital rocket

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Gold Coast-based Sciences Minister Karen Andrews will speak at the event where she will outline how Australia will tape into the global market on the back of the city’s already growing space business.

“Our share of the US$345 billion global space market is just 0.8 per cent. And we are determined to see this grow,” she will tell the audience.

Karen Andrews. Picture by Richard Gosling

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“That said, we have what it takes to gain a greater share of that market and build a new industry for our nation.

“The goal is to triple the size of the domestic industry by 2030, adding up to $12 billion to our economy. This will help create up to 20,000 jobs in Australia.”

Gilmour Space Technologies’s James Gilmour and Adam Gilmour

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The event will host 200 space scientists, engineers, educators, and representatives from across the university, industry and government arms of the sector.

Gold Coast businessman James Gilmour is leading a local charge into space, working on rocket projects for NASA and other high tech initiatives

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It will examine diverse aspects of the space industry including Australian space projects, Mars and planetary exploration and the use of space data.

James Gilmour, head of the Gold Coast-based Gilmour Space Technologies, played a major role in bringing the event to the city after his company performed its own rocket launches.