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 Chris Forrester:

1. Scotland’s rocket launch gets closer
2. SpaceX tops 6,300 Starlinks; IPO rumours
3. Full details of SES, Intelsat deal
4. Ariane 6 launch campaign underway
5. Virgin Galactic in stock split
6. Thuraya-3 suffers major problem
7. AST SpaceMobile hit by Class Action
8. Optimism under threat at SES
9. Rivada visits Terran Orbital’s manufacturing HQ

Categories: Blogs, Business, Funding, Inside Satellite

Tags: germany, Space