Germany's 9 Billion Euro Bet on Space: A Growing Global Industry
Germany's Federal Research Minister, Dorothy Bauer, has underscored the growing economic significance of space. As the European Space Agency (ESA) marks its 50th anniversary, Germany, its largest contributor, is investing heavily in space exploration.
Bauer highlighted the predicted 10% growth in the global space industry, indicating a thriving sector. Germany's commitment is evident in its support for the ESA and its own strategic research field, space exploration. The BMFTR has allocated over nine billion euros for this purpose in the current legislative period.
The Space Innovation Center plays a crucial role in fostering startup companies and scientific research in the space sector. Bauer's statement that space has become a fundamental necessity for Germany reflects the country's dedication to this field.
With Germany's substantial investment and support for the European Space Agency, the country is poised to lead in the growing global space industry. The BMFTR's allocation of over nine billion euros underscores Germany's commitment to space exploration as a strategic research field.
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