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Global Space Spending Falls, Emerging States Spend More

Global spending on government space programs dropped for the first time in almost two decades in 2013, a report showed on Thursday, as rising investment among emerging nations failed to offset cuts by the United States. An annual report by consultancy Euroconsult showed global budgets for space programs dropped to $72.1 billion from $72.9 billion in 2012, the first drop since 1995. The United States invested $38.7 billion in civil- and defense-related space projects, $8.8...

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