New historic high for government space spending mostly driven by defense expenditures
Paris, Washington D.C., Montreal, Yokohama, Sydney, December 19th, 2023. The leading strategic space consulting and market intelligence firm Euroconsult has released the 23rd edition of its annual Government Space Program report confirming the growing financial efforts achieved by governments in the space sector. Keen to capitalize on the expanding space economy and to further strengthen their sovereign capabilities, government space expenditures have increased to $117 billion, a 15% increase compared to last year.