The UK government has passed new regulations that it says will "pave the way for spaceflight and satellite launches."
The legislation provides the framework to regulate the UK space industry and to enable launches to take place from Welsh soil for the very first time.
Eryri has already been named by the UK government as a possible launch site for small satellites and sub-orbital flights.
The UK Government's Transport Secretary Grant Shapps said: "We stand on the cusp of the new commercial space age, and this is the ‘blast off’ moment for the UK’s thriving space industry, demonstrating government’s commitment to put Britain at the global forefront of this sector."