NASA’s first-ever agency-wide economic impact report shows the space agency’s contribution to the U.S. economy.
In a statement posted on its website, the space agency explains that through all of its activities, it generated more than $64.3 billion in total economic output during the fiscal year 2019 and supported more than 312,000 jobs nationwide. NASA also generated an estimated $7 billion in federal, state and local taxes.
“In this new era of human spaceflight, NASA is contributing to economies locally and nationally, fueling growth in industries that will define the future, and supporting tens of thousands of new jobs in America,” NASA Administrator Jim Bridenstine said in the statement. “With an investment of just one-half of 1% of the federal budget, NASA generates significant total economic output annually. This study confirms, and puts numbers, to what we have long understood – that taxpayer investment in America’s space program yields tremendous returns that strengthen our nation on several fronts – a stronger economy, advances in science and technology, and improvements to humanity.”
SPACEX MAKES HISTORY, LAUNCHES NASA ASTRONAUTS INTO SPACE FROM US SOIL FOR THE FIRST TIME SINCE 2011
The 2020 calendar year has been a busy one for NASA. In May, for example, NASA astronauts Doug Hurley and Bob Behnken launched on a historic mission to the International Space Station from Kennedy Space Center atop a SpaceX Falcon 9 rocket.