In 2023, the global space community will convene in Baku at the International Astronautical Congress once again, exactly 50 years after Baku hosted the 24th edition of the IAC and became the first and the only city in the region to do so. This, certainly, is a major occasion in the history of the space industry development in Azerbaijan, as it is one of the core priorities of our vision as a country aspiring to foster the formation of regional space ecosystem and strengthen its position as an emerging space nation.