The Euroconsult “Government Space Programs” report for 2021 states that government space budgets hit record $92 billion investment in 2021.
The continued governmental investment in the space sector, is driven by two major drivers: ambitious space exploration programmes by leading space countries, and rivalries driving the militarization of space.
In 2021, the space sector has received record government investment totaling over $92 Billion, an 8% increase compared to 2020. Civilian space budgets, totaling $53 billion in 2021, continue to receive more funding than defense space programs, at 58% of total spending, though the share going to defense, $39 billion in 2021, is increasing.
