VENG seeks investments to boost Argentine access to space

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The definition marks a significant shift in the approach to the sector, historically more associated with state or mixed logic, and reflects the intention to adapt Argentine aerospace activity to an increasingly competitive global dynamic, where innovation, investment and international commercial insertion come to occupy a central place.

The general manager of the Argentine aerospace company VENG, Laureano Quiroga, said that the company is already working on a project to access space together with the private sector and in the search for investors willing to develop rocketry and national space activity.

During an interview on the Carajo Streaming Red Line program, hosted by Nicolás Promanzio, Quiroga said that a fundamental change is taking place in space policy and stressed that the international scene opens up new opportunities for Argentina in a sector of strong expansion.

As he explained, VENG is advancing a work scheme aimed at linking local technological capacity with private capital interested in promoting strategic projects. In this context, he said: “Today we are working on a project for access to space but with the private world, looking for investors who want to develop rocketry and Argentine space action

Quiroga also highlighted that the space economy is going through a phase of accelerated expansion and that the coming years will be decisive for those countries and companies that manage to position themselves in time. “There is a paradigm shift in space policy. A super-aggressive and virtuous space economy is opening up for the next five years,”

he said.

Along these lines, he argued that VENG is not limited to a local agenda, but seeks to expand its international presence and attract new customers in different markets. “We are going to markets to win customers worldwide, we are talking to more than seven countries on different projects,” he said, describing the expansion strategy that drives the company

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In a global context where space development ceased to be exclusive to major powers and began to open up to new actors, the already tangible income of private investment appears to be a key element in accelerating capacities and scaling up projects.