Civil space activity in the USA is set to face significant challenges in 2024 due to budgetary cuts. Although the US government remains the world’s largest confirmed spender in the civil space sector, reductions in funding are projected to have ripple effects over the next 2 to 3 years.
In this context, civil space players must take proactive steps to mitigate risks and secure their revenue streams. Strategies could include diversifying funding sources, fostering partnerships with private sector entities, leveraging international collaboration, and focusing on cost-effective innovation to adapt to the evolving financial landscape.
