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Waspie_Dwarf

Space research pays for itself

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Space research pays for itself, but inspires fewer people

To say space research is a waste of money is wrong. For every US$1 put into US space agency, its citizens get US$10 as payback; in Japan and the European Union that amount is more than US$3.

The growing private space industry is built around these government space programs and would not exist without them. The UK’s annual US$500m contribution to the European Space Agency (ESA) has catalysed the formation of the fastest growing industry. Its private space industry contributes US$15.2 billion a year to the economy. Similarly, Japan’s US$2.3 billion into the Japan Aerospace Exploration Agency (JAXA) has enabled its private space industry to contribute US$31 billion.

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