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812 ESA’s annual budget hits record €7.8B, with biggest chunk for Earth observation

The Next Web
Thomas Macaulay @ The Next Web 2 place · 01/11/2024 07:15 EDT

ESA’s annual budget hits record €7.8B, with biggest chunk for Earth observation

The European Space Agency’s budget for 2024 has hit a record €7.79bn — 10% more than last year. The largest portion of the funds will go to Earth observation (EO), which is allocated almost €2.4bn — around 30.5% of the total. It’s a share that reflects growing demands for satellite-based monitoring of our planet. The data can play a powerful role in managing pressing global challenges, such as climate change and natural disasters. After EO, the biggest chunks of ESA’s budget go to navigation and space trans

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