During the July 24 summit of foreign ministers of the Community of Latin American and Caribbean States (Celac), held in Mexico City, five nations joined with Mexico to officially establish the Latin American and Caribbean Space Agency (AECL). Mexico, Argentina, Ecuador, Bolivia, Paraguay, and Costa Rica are the current signatories, but when Celac heads of state meet in September, it is expected that several more governments will sign on. When a preliminary agreement on AECL’s founding was reached last October, participants expressed great optimism that space exploration and related technological and scientific developments and spin offs would be the best way to address the poverty and underdevelopment affecting all their nations.