By 
September 28th, 2023
Image credit: Euroconsult
Lunar exploration is the catalyst behind an unprecedented surge in the space exploration sector which saw global government investment rise to an impressive $26 billion during 2023.
A new report has been issued by Euroconsult pointing to ambitious lunar missions that are projected to boost investment to nearly $33 billion by 2032.
That’s a growth trajectory which underscores lunar exploration’s pivotal role in shaping the future of space exploration, the new report adds.
Critical capabilities
“Developing a sustainable presence on the Moon is a long process expected to occur over at least the next two decades, requiring complex infrastructure across technical areas. Affordable transportation, communications and navigation, and power are critical capabilities to enable all other lunar activities,” the report explains.
Image credit: Euroconsult
NASA, the European Space Agency and others to follow, Euroconsult points out, are expanding public- private partnerships for lunar exploration. “They seek to act as strategic partners and future customers of commercial lunar services to achieve a cost-effective sustainable model for space exploration.
The figures are revealed in the just published fourth edition of Euroconsult’s “Prospects for Space Exploration” report. For more information, go to:
https://digital-platform.euroconsult-ec.com/product/prospects-for-space-exploration/
Posted in Space News
Hayley Arceneaux and the other space tourists on Blue Origin’s New Shepard, on Richard Branson’s SpaceShip 2, and the WorldView Balloons are NOT “astronauts” or even “commercial astronauts”. That would be like calling airliner passengers “pilots”!
They are just space tourists.