According to latest news, Europe invests to space activities, given that ESA’s budget will be 16,9 billion euros, namely 17% more than the previous three-year budget.

Further, new programs are to be launched in the areas of exploration and satellite navigation, among others. Germany’s ESA contribution of 3.5 billion euros is higher than the previous contribution of 3.3 billion euros. Moreover, Germany remains the largest ESA contributor.

In addition to the newly approved annual ESA budget of approximately 5.6 billion euros, Europe will invest 2.1 billion euros through the EU budget and approximately 4 – 6 billion euros annually through the individual EU member states, for a total of around 11.7 – 13.7 billion euros. By comparison, the U.S. is spending 24 billion euros on NASA this year alone.

Based on this development, Mr. Niklas Nienass, MEP, commented that space is the sector of the future, while infrastructures in space are becoming extremely important for life on earth. Additionally, he stated that public and private investment is the chance for the forefront of space travel in the future. Furthermore, Niklas Nienass also recognized the German ESA contribution with regard to the budget increase as wise for the the beginning of Germany’s three-year presidency of the ESA Ministerial Council Conference.

You can find the presentation from ESA regarding the agreement here.