The Chief Minister says high level recognition for the Isle of Man's space sector is a huge accolade for those who developed it.
A report by the UK Institute of Directors last week highlighted the Island's niche space commerce industry.
It says the sector is thriving thanks to the Manx legal and tax systems and the growth of a cluster of companies to support the satellite firms who've located in the Island.
The Institute's report refers to the Isle of Man's 'Mighty Space Sector', suggesting it as a template for the UK to develop a similar industry.
Mr Bell admits that's a double-edged sword:
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