The total cost of US space spending in 2022 was $61.97 billion. The combined expenditures for the space programmes of all other nations came to just about $41 billion.
The total budget for the US space programs in 2022 was $61.97 billion. The combined expenditures for the space programmes of all other nations came to just about $41 billion.
According to a FairBettingSites report using data from Euroconsult, the US is vastly outpacing all other competitors in the space race, spending 51% more on its space programs than every other nation combined. The total cost of US space spending in 2022 was $61.97 billion.
The combined expenditures for the space programmes of all other nations came to just about $41 billion. China was the country closest to the US, but with only $11.9 billion spent on space programs, it was still a long way off. Nobody else spent more than $5 billion after that, with Japan coming in third with $4.9 billion.
Without including France and Germany, which are separately counted, the entire European Union only invested $2.6 billion in its space programmes. Israel, which was recently criticised by the State Comptroller’s Report for falling behind in spending on space and satellites, stands in stark contrast to this. The US space budget may even increase in the future.
NASA received a budget of about $25.4 billion from US President Joe Biden for the 2023 fiscal year, which is $1.3 billion more than what was allotted in 2022. Additionally, $26.3 billion in funding for the Space Force for 2023 was approved by the US government.
The budget for the fiscal year 2024 has already been released and shows an increase. The most recent budget estimates indicate that NASA will receive $27.2 billion in funding for 2024, a 7% increase from 2023.
The US Space Force program will also receive $30 billion. However, it should be noted that the president’s proposed budgets for the fiscal year are only suggestions. Congress makes the final determination of the figures.
At NASA, we encourage well-paying American jobs, pique curiosity, and inspire people all over the world to look up at the stars and consider their significance in the cosmos.
NASA Administrator Bill Nelson said in a statement that the budget “details a blueprint to grow the economy from the bottom up and middle out”. At NASA, we encourage well-paying American jobs, pique curiosity, and inspire people all over the world to look up at the stars and consider their significance in the cosmos.
At NASA, we encourage well-paying American jobs, pique curiosity, and inspire people all over the world to look up at the stars and consider their significance in the cosmos.
NASA Administrator Bill Nelson said in a statement that the budget “details a blueprint to grow the economy from the bottom up and middle out”. At NASA, we encourage well-paying American jobs, pique curiosity, and inspire people all over the world to look up at the stars and consider their significance in the cosmos.