U.S. EXPENDITURES ON SPACE
It is impossible to arrive at accurate figures which might help indicate the extent of this effort in dollars and cents. But we do know that the U.S. Government is presently putting about $3.5 billion annually into the research and development phases. How much more may be going into the purchase of completed space hardware is difficult to say; certainly it is a higher figure still. The National Aeronautics and Space Administration, in presenting its 10-year plan to Congress recently, indicated that this agency alone expects to average between $1.5 and $2 billion a year during the next decade.
The amount of effort going into space-related programs on the part of private industry, measured in dollars, again can only be roughly estimated. But it is a sizable figure and is known to be growing. It may amount to half the governmental research and development outlay.
These figures add up to a very important segment of the national economy, and the fact that they represent a highly active and progressive segment is particularly heartening to the economic experts of the Nation.