Brexit could open new doors for the U.S. space industry
as British companies look to build relationships with the American supply chain to replace those it had to cut with European partners. Already the U.K.'s plan to withdraw from the European Union is playing a role in at least one British company’s decision to expand its U.S. presence in 2020.
, a space robotics and data analytics company planning to launch a small lander to the lunar surface in 2021, announced Thursday that it will open an office in Lansing, Mich., in January as Brexit gets closer to becoming a reality.“In the past, having the supply chain in Europe made sense. But now as we’re having a Brexit, it might be more realistic ... for us to concentrate on overseas partners such as U.S.
Locating the new office in Michigan will allow Spacebit to take advantage of technology and manufacturing skills from the automotive industry, explained Tanasyuk. “We’re trying to develop the region by trying to tap into the declining automobile industry in the region and offering them new contracts in aerospace,” he said.also spoke about the company's new accelerator in Luxembourg and its plans to explore the lunar surface in partnership withThis transcript has been edited for length and clarity.We are opening our investment arm and we really want to have a hands-on approach here in the U.S. and be able to invest in local ventures.
Especially with Brexit, the U.S.-U.K. relationship becomes even more important to us. In the past, having the supply chain in Europe made sense. But now as we’re having a Brexit, it might be more realistic ... for us to concentrate on overseas partners such as U.S. and it actually might be cheaper in the future to have parts of our supply chain in the U.S. rather than in Europe. … On one side, it’s unfortunate. But on the other side, it opens up new opportunities for collaboration.
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