Global Spending on Space Decreases for First Time in 20 Years - Novaspace

Paris, Montreal, Washington D.C. – According to Euroconsult's newly released research report, Profiles of Government Space Programs, global budgets for space programs dropped to $72.1 billion in 2013 following peak spending at $72.9 billion in 2012. This is the first time since 1995 that public space programs worldwide have entered a downward trend, a direct result of the cyclical nature of countries' investment in space-based infrastructures combined with governments' belt-tightening efforts du