Thailand's Deputy PM and Science Minister discusses the country's potential in the space economy, emphasizing Thailand's geographic advantage for establishing a spaceport near the equator (fuel savings of 15-20%) and connections to emerging deep-tech industries. The article highlights global space economy growth (valued at $1.8 trillion USD) and warns that Thailand risks falling behind regional competitors like Singapore and China if it doesn't invest strategically—though infrastructure challenges (environmental concerns in Andaman coastal areas) and budget allocation remain key hurdles.
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