November 14, 2022
ALEXANDRIA, Va. (Kratos/Constellations) — Space exploration is taking off with governments poised to invest $31 billion in the sector by 2031, according to Euroconsult’s new “Prospects for Space Exploration” report.
The massive investment by governments around the world will be enhanced by new and deepening partnerships with commercial space entities, making missions more cost-effective and sustainable.
In its latest report, Euroconsult forecasts roughly 50% of space exploration missions between now and 2031 will be governmental while the other 50% will be commercial. Commercial entities are planning 60 space exploration missions during that period, compared to just three between 2012 and 2021.
“This is quite a big trend to note here,” said Miguel Ouellette, economist and principal advisor at Euroconsult and author of the report.
Read the full article: https://www.kratosdefense.com/constellations/articles/report-commercial-partnerships-lunar-initiatives-driving-space-exploration-budgets
