June 22, 2024
ESA budget hits record €7.8B, Earth observation gets biggest slice


The European Space Agency’s budget for 2024 has hit a record €7.79bn — 10% more than last year.

The largest portion of the funds will go to Earth observation (EO), which is allocated almost €2.4bn — around 30.5% of the total.

It’s a share that reflects growing demands for satellite-based monitoring of our planet. The data can play a powerful role in managing pressing global challenges, such as climate change and natural disasters.

After EO, the biggest chunks of ESA’s budget go to navigation and space transportation, which bag around €1bn each.

A further €874mn is reserved for human and robotic exploration — but that figure hasn’t satisfied everyone.

A pie chart showing ESA's budget for 2024