Germany’s government has dramatically cut the amount of money in its 2024 budget going to support Europe’s space industries.

The numbers are:

• National Space Programme: Was €371 million. New budget €313 million.
• Contribution to ESA for IRIS2: Was €189 million. New budget €70 million.

There are also reports that further cuts may come to Germany’s own Space Agency funding allocated for research.

The worries from sources at the European Space Agency is that the proposed cuts could affect progress and funding of the European Union’s IRIS2 Low Earth orbit broadband project.

Other posts by :

1. 650 Starlink D2C craft in orbit
2. Bank upgrades SES to ‘Buy’
3. Eutelsat shareholders reach agreement at AGM
4. Ghana makes MultiChoice fee decision
5. SES announces €0.25c dividend
6. Russia “blinding and destroying” German satellites
7. Bank: AST, Starlink, Kuiper targeting $200bn market
8. Rivada: Is no news good news?
9. SES celebrates Intelsat acquisition

Categories: Blogs, Business, Funding, Inside Satellite

Tags: germany, Space