This is according to Euroconsult, a consultancy specialising in the space sector, which also expects such spending to reach $1 trillion over the next decade. The two major main drivers identified are ambitious space exploration programmes, by leading space countries, and geopolitical rivalries that are driving the militarisation of space.
The numbers are in its “Government Space Programs” report, for 2021, which examines the impact of government space budgets in civilian and defence applications.
