The MoU servces to strenghten US and Luxembourg cooperation in space policy and research, as well as to advance both industries via investment and commercial opportunities.
During his official visit, Ross is expected to meet a number of local officials and business leaders, exploring further points of collaboration between Luxembourg and the US.
US Ambassador to Luxembourg Randy Evans, writing in an exclusive Delano opinion piece in early March, called the recently negotiated MoU “an arrangement that allows both countries to work together much more closely in the space realm as we take another small step for man, but a big step for mankind.”
“Luxembourg is an important world player in many sectors including finance and space,” Ross said in the announcement issued by the US Embassy in Luxembourg on Tuesday. “As such, they are a place where we want to strengthen and expand our ties--ties built on a long history of shared values and sacrifice.”
Ross, 81, who took the office in February 2017, earned the nickname “King of Bankruptcy” due to his talent in investment and restructuring of companies in sectors ranging from telecom and steel and coal to foreign investment. He has over 55 years' experience in privaty equity and investment banking and earned his MBA from Harvard University following his education at Yale.
Named one of Bloomberg Markets top 50 most influential people 2011 in global finance, Ross has been a chairman or lead director at over 100 companies in 20 countries, including a board appointment by then-US President Bill Clinton to the U.S.-Russia Investment Fund. Ross is also a known philanthropist.
Ross is also expected to visit the Luxembourg American Military Cemetery and Memorial in Hamm.
A press conference will take place at 12pm in English to provide more details about the MoU, with a live broadcast online via the Luxembourg government website.
Delano will publish more information about the official visit as we get it.
Updated on 10 May with additional details about the MoU and streaming link.