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The 2017 Economic Impact Report prepared by NASA for their Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards found that for FY 2016, these programs created 2,412 jobs, $474 million in economic output, and $57.3 million in fiscal impact with an initial investment of $172.9 million. [27]
NASA contributes most of its funding to contractors to develop innovative products for space travel. In 2024, the agency allocated more than 76% of its budget to contracts.
On July 28, 2008, NASA gave money to Astrobotic for a concept study on "regolith moving methods". [9] The next year, Astrobotic began to receive Small Business Innovation Research (SBIR) funding from NASA totaling over US$795,000 to investigate prospecting for lunar resources, [10] which eventually led to a concept called Polar Excavator.
NASA SEWP was the first GWAC in the Federal Acquisition arena and the original contract was awarded in 1993. SEWP II was award in 1996, SEWP III in 2001, SEWP IV in May 2007 [13] and SEWP V in May 2015. [3] SEWP VI is scheduled to begin May 2025. [14]
2025 could prove to be one of the most transformative years on record for the space economy. As we look ahead, here are 10 predictions for the space capital markets in 2025.
While NASA's actually set to receive more funding than it did this year, and more than it did in 2014, compared to the overall U.S. budget NASA's share is kind of pocket change.
As of 2024, nearly 80 different government space agencies are in existence, including more than 70 national space agencies and several international agencies. Initial competencies demonstrated include the funding and nomination of candidates to serve as astronauts, cosmonauts, or taikonauts with the countries/organizations executing human spaceflight solutions.
NASA is not unique in its inability to complete projects on time and under budget, The large number of weapons systems the Defense Department has funded that cost more and took longer to develop ...
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