In 2023, government budget appropriations for R&D in space exploration and exploitation in the US stood at [insert 2023 value].
Forecasts suggest a steady increase, with values expected to reach $203.15 billion USD PPP by 2028. The annual year-on-year growth rate from 2024 to 2028 averages at a Compound Annual Growth Rate (CAGR) of X%, showing a positive trend in governmental investments in space R&D.
Future trends to watch for:
- Shifts in policy which could accelerate or decelerate this spending trajectory.
- Increasing competition or collaboration with private sector space endeavors.
- Impact of international space race dynamics on budget allocations.
