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Home Business & Economy
European Space Agency secures record 22 bn euro budget

German Minister for Research, Technology and Aerospace Dorothee Baer (C) gives a press statement flanked with astronauts (From L) Alexander Gerst, Amelie Schoenenwald, Samantha Cristoforetti and Matthias Maurer during the European Space Agency (ESA) ministerial meeting at the Congress Centrum in Bremen, northern Germany, on November 26, 2025. Ministers from the 23 member states of the European Space Agency (ESA) meet in the Hanseatic city for two days to discuss the strategic direction of European spaceflight.

European Space Agency secures record 22 bn euro budget

AFP by AFP
November 27, 2025
in Business & Economy
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The European Space Agency announced Thursday it had secured a budget of 22.1 billion euros to fund its programmes for the next three years, as the continent aims to ramp up its space efforts.

The amount is five billion euros more than the ESA’s 23 member states committed in 2022 — and is almost all of the 22.2-billion-euro ($25.7 billion) budget proposed by the agency.

“This has never happened before,” Josef Aschbacher told the ESA’s ministerial council meeting in the German city of Bremen.

Ahead of the meeting, experts had expected a budget of around 20 billion euros.

The new pledge demonstrates that space is an “economic sector that is growing very fast,” Aschbacher said.

“It is also more and more important for security and defence, and it is a domain where Europe has to catch up,” he added.

The ESA, which is 50 years old this year, coordinates civil space projects between its member countries and also works with European Union bodies.

The space industry has changed significantly in recent years as private companies such as billionaire Elon Musk’s SpaceX have dominated the space launch sector.

Europe also briefly lost an independent way to launch its projects into space after Russia pulled its rockets following Moscow’s invasion of Ukraine in 2022.

In the United States, President Donald Trump has targeted space agency NASA with stiff budget cuts since returning to the White House in January.

However, the ESA said this week that NASA has confirmed it will contribute to Europe’s Martian rover Rosalind Franklin. The mission is scheduled to launch in 2028 aiming to probe the surface of Mars for signs of extraterrestrial life.

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© Agence France-Presse

Tags: esaeuropespace
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AFP, or Agence France-Presse, is a major international news agency headquartered in Paris, France. It is one of the world's oldest news agencies, founded in 1835. AFP provides news coverage in various formats, including text, photos, videos, and graphics, in multiple languages. The agency operates with a global network of journalists and regional hubs, aiming to deliver impartial and verified news worldwide.

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