Lower Launch Costs, New Partnerships Spur Spaceport Development Around the World

by | Dec 16, 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.

 

NEWEST V1 MEDIA PUBLICATION

December Issue 2022