Global space spending hit a record $62 billion this year and will rise 4.5 percent annually to reach $70 billion in 2012, a European firm estimates. The report predicts outlays are likely to continue at a strong pace, as a projected 610 government satellites will be launched to orbit in the next decade, a 38 percent increase over this decade. Euroconsult, a research and consulting firm focusing on satellites, included the estimates in a report titled "Government Space Markets, World…
2008 Global Space Spending At Record $62 Billion, European Estimate Sees 610 Government Satellites Launching In Next Decade For More Strong Outlays
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