It appears the Isle of Man has further competition in the space industry.
The Bermudan government is looking to space as a new frontier in international business.
It plans to create a Space Enterprise Zone which could create jobs and prove to be 'another major economic pillar' for the Island.
Minister of Environment, Planning and Infrastructure Strategy Walter Roban and permanent secretary Dr Derrick Binns will next week fly to Paris to attend the World Satellite Business Conference, to try and drum up business.
It has also been revealed Bermuda has been working with an operator to place a satellite in its coveted orbital slot.
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