NASA not only explores space and develops technology, its activities significantly support the U.S. economy. In 2023, the organization’s activities brought more than $75.6 billion to the U.S. economy, almost triple its annual budget of $26.4 billion. This confirms that public investment in NASA returns significant economic dividends, even in an era of private space companies.
Contribution to the national economy and employment
NASA’s efforts impacted all 50 states, with 45 of them receiving an economic impact of more than $1 billion dollars. The aerospace administration’s activities supported 305,000 U.S. workplaces and generated $9.5 billion in tax revenue. A separate area of climate research also generated about $1 billion in tax revenue.
“To invest in NASA is to invest in the American economy, and American economic competitiveness,” emphasized agency administrator Bill Nelson. Exploring the Universe not only expands scientific horizons, but also stimulates economic growth, inspires the younger generation and improves the quality of life.
Problems of budget financing
Despite strong economic results, NASA faces funding constraints. In 2024, the organization received 2% less funds from the request. Because of this, NASA cut costs and reduced its staff, in particular the Jet Propulsion Laboratory lost over 500 employees, or 8% of its employees.
One of the consequences of financial difficulties was the cancellation of sending the VIPER rover to the Moon, which was supposed to cost $450 million. Rising costs forced NASA to focus on other missions.
Support appeals
Despite the challenges, NASA’s mission goes beyond the economic bottom line. The Aerospace Administration plays a leading role in exploring space and understanding our place in the Universe. Even if science and research don’t seem to be a priority, their impact on the economy and society is undeniable. Additional investments can help NASA continue its contributions to the nation and inspire future generations of explorers.
We previously reported on how NASA’s bet on the Boeing Starliner nearly ruined the U.S. space program.
Provided by NASA
