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Report finds that US accounts for more than half of global space spending
Nations around the world spent a total of $92 billion on the "space sector" in 2021, the market intelligence firm Euroconsult reports. This represents an 8 percent increase in spending from the year 2020. In the latest edition of the report "Government Space Programs," the consulting firm says that civilian space activities accounted for $53 billion of the spending, and defense activities $39 billion. However the report noted that the proportion of defense spending is increasing.