HEC Paris, ArianeGroup and the European Space Agency (ESA) signed a three-year partnership setting up a joint-Chair to study long-term economic tendencies and opportunities in Space Economy. The trio seeks to capitalize on rapid advances in materials science and the dramatic drop in cost of access to space to forge new economic initiatives in the space sector.

This new applied research initiative sees ArianeGroup adding its long experience in space and its financial clout to a joint initiative that aims to maximize the integration of the space sector into society and the economy. The alliance’s objective is to explore scenarios for the future of the rapidly-evolving space economy over the next 30 years. Coupled with this research, the partners aim to anticipate new solutions for space transport vehicles.


All of which was music to the ears of co-director of the project, Etienne Krieger. The HEC Affiliate Professor was nominated with his colleague Patrick Legland to direct the research initiative until 2022. Krieger insisted his students are dreaming of space opportunities. “Things are changing so quickly in the space economy. Our role is essentially that of a catalyst. Space involves a combination of environmental, economic, political, legal, scientific and technical issues. It is a perfect breeding ground for innovation and entrepreneurship so, naturally, HEC Paris will be leveraging its expertise for the benefit of this sector."

HEC International Executive MBA is Number 5
worldwide in the QS Global Executive MBA 2019 ranking

Our International Executive MBA is Number 5 worldwide in the QS Global Executive MBA 2019 ranking, a rise of eight places from last year.