From: Space Foundation
Posted: Thursday, December 12, 2019
At the dawn of the Space Age, when the Soviet Union launched Sputnik and the United States raced to catch up, the ensuing years became a financial slugfest between two behemoth countries.
According to a 1964 CIA comparison of space program expenditures, the U.S. spent $15.9 billion on space expenditures from 1957 to 1964, while the USSR spent an estimated $10.2 billion ($127.5 billion and $81.8 billion adjusted for inflation in 2018, respectively).
In the six decades since, technology and innovation have put 76 countries in space. Now, thanks to continuing innovation and rapidly declining launch costs, more countries than ever are developing spaceports, and increasingly, partnering with state governments and private companies to do so. That is a key conclusion from research in The Space Report Quarter Four.
The Space Foundation published the fourth quarter 2019 issue of The Space Report today and shared other key findings:
The Space Report’s 2019 analysis also examines the state of venture capital investment in commercial space and provides a global review of new space policies. Among the key points in these areas:
The Space Foundation’s Research & Analysis team produces The Space Report. Media interested in purchasing The Space Report should contact the Space Foundation at email@example.com for a discount code that will allow you to receive all four quarters for $99 annually.
The Space Report is available for purchase by the public for $250 per quarter or $499 for all four quarters at www.thespacereport.org/pricing
About the Space Foundation
Founded in 1983, the Space Foundation is a 501(c)(3) nonprofit and the world’s premier organization to inspire, educate, connect, and advocate on behalf of the global space community. It is a leader in space awareness activities, educational programs, and major industry events, including the annual Space Symposium. Space Foundation headquarters is in Colorado Springs, Colo., USA, and has a public Discovery Center, including El Pomar Space Gallery, Northrop Grumman Science Center featuring Science On a Sphere®, and the Lockheed Martin Space Education Center. The Space Foundation has a Washington, D.C., office, as well as field representatives in Houston and on the Florida Space Coast. It publishes The Space Report: The Authoritative Guide to Global Space Activity, and through its Space Certification™ and Space Technology Hall of Fame® programs, recognizes space-based innovations that have been adapted to improve life on Earth. Visit both websites — www.SpaceFoundation.org and DiscoverSpace.org — and follow on Facebook, Twitter, Instagram, LinkedIn, and YouTube.
Space Foundation Senior Manager — Research & Analysis
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