Feeds

Global space spending hits $251bn

GPS and satellite TV drive increased investment

Secure remote control for conventional and virtual desktops

Global spending on space-related projects hit $251bn last year - with the US accounting for 81 per cent of the worldwide spend.

That's according to the Space Foundation, which notes the figure is an 11 per cent increase on 2006 "despite slowing growth in many countries".

The main areas of growth were in satellite TV and US-funded GPS systems. In total, 71 per cent of the States' space budget - $45bn - was allocated to military projects.

Russia's space investment rose 49 per cent over 2006 to $1.32bn in 2007, "driven largely by increased investment in Russia's GLONASS global navigation satellite system".

Figures for China's burgeoning space programme are unavailable, but the Space foundation estimates they may have hit $1.5bn in 2007.

Marty Hauser, Space Foundation's research and analysis chief, said: "All sectors of space continue to grow despite economic woes in many countries. The space economy appears to be poised for steady growth in coming years." ®

The essential guide to IT transformation

More from The Register

next story
Hello, police, El Reg here. Are we a bunch of terrorists now?
Do Brits risk arrest for watching beheading video nasty? We asked the fuzz
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
UK government accused of hiding TRUTH about Universal Credit fiasco
'Reset rating keeps secrets on one-dole-to-rule-them-all plan', say MPs
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
EU justice chief blasts Google on 'right to be forgotten'
Don't pretend it's a freedom of speech issue – interim commish
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
This'll end well: US govt says car-to-car jibber-jabber will SAVE lives
Department of Transportation starts cogs turning for another wireless comms standard
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.