Op-ed | On the verge of a new era for space exploration? Assessing the impact of the ongoing crisis

SpaceNews l July 4, 2020

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[Excerpt] Establishing an international long-term sustainable lunar presence in partnership with the private sector remains the core focus in space exploration.

For more than 50 years, our desire to explore space has led to new discoveries while providing a continuous stream of socioeconomic benefits here on Earth. Space exploration, moreover, has increasingly cemented itself as a field of high strategic importance for governments around the globe. Fueled by these multiple factors, global government investment in space exploration has grown in the past decade driven by programs in leading countries and joined by an increasing number of actors. According to Euroconsult’s latest research, Prospects for Space Exploration 2nd Edition, global government investment in space exploration totaled nearly $20 billion in 2019, increasing at a 5% compound annual growth rate over the past five years. Thirty-one countries and space agencies lead this global investment with the United States accounting for 71% of it.