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🚀 #Government #space budgets are reaching new heights with #global #government space investments soaring to $135 billion in 2024. Key trends for this remarkable rise: 📈 The US leads with $80 billion in investments, but its global share has gradually declined from over 75% in 2000 to 59% in 2024, as China and other nations have increased investments. 🛡️ $73B allocated for #defense spending, primarily led by expenditures in Security, followed by Satellite Communications and Earth Observation. 🌍 Human #spaceflight leads #civil spending through government programs such as #Artemis and China’s International Lunar Research Station with growing interest from new spacefaring nations to join the race. 👉 Explore our latest comprehensive Government Space Programs report with insights into more than 90 organizations and nations' space budgets, updated expenditure #data, and trends in #government, #defense and civil strategies. Access your copy of the report with a FREE extract on our Market Intelligence Hub:  https://lnkd.in/d983x-9 . . . #GroundSegment #Satcom #NGSO #Virtualization #GSaaS #MarketTrends #Novaspace #NovaspaceMIHub #MarketIntelligence

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Joan Alabart Llinàs

Innovation, Entrepreneurship and Space Exploration Officer at Portuguese Space Agency

2mo

Thank you for the analysis. For the analysis between countries to be comparable shouldn't EU space budget be also included in EU MS spending (% to GDP)? This may provide a better comparison between EU and non EU countries.

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Tanja L. Masson-Zwaan

PhD, Asst. Professor, Int. Inst. of Air and Space Law, Leiden University

2mo

I wonder why ESA is combined with ESO and Eumetsat?

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