Defense Spending Drives Government Space Budgets to Historic High: Report

Increased 10 Percent in 2024 Over 2023

Jan 31, 2025

∙ Paid

The 24th edition of the Novaspace annual Government Space Programs (GSP) report reveals that global government space investments reached approximately $135 billion in 2024, a 10% increase compared to 2023. Defense spending, now the majority of budgets at $73 billion (54%), underscores space’s growing importance as a contested and strategic domain.

“The s…

Continue reading this post for free, courtesy of Mike Turner.

Or purchase a paid subscription.