Similarly, to commercial airlines, space is opening as a market for commercial giants like Virgin. “As rocket and satellite technology becomes more compact and affordable, private enterprise is getting in on the act,” Shapps continued. “This country is well-positioned to reap the benefits from a global sector expected to be worth £400bn per year by 2030.” The first spaceport in Cornwall, legislation for which was proposed just two weeks before the G7 summit based in the region, is set to propel commercial spaceflight technologies, according to the NSA. The space hubs will not stop in Cornwall, Shapps added, confirming that the government is committed to new vertical-launch operations in the Shetlands and Sutherland in Scotland and Snowdonia in Wales.