Trump Calls Billions for NASA’s 2021 Budget to Lift Missions to Mars and Moon

Steven Burnett
Steven Burnett

Updated · Feb 11, 2020

SHARE:

News.Market.us is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more.
close
Advertiser Disclosure

At Market.us News, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Our data is available to the public free of charge, and we encourage you to use it to inform your personal or business decisions. If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us News. We appreciate your support and look forward to continuing to provide valuable insights for our audience.

The U.S. president is bidding a 12% rise to NASA’s budget for the upcoming year. The effort will assist ensure the American space agency to send humans on the lunar surface by 2024. According to the latest budget proposal of the administration, NASA will get $25.2 billion for the financial year 2021. In the previous year, the space agency has had gained $22.6 billion. Thus, the new amount reveals a significant rise in financial backup from the government. Notably, it is a 12% rise, which comprises of more than $3 billion to start building a lander for the upcoming lunar mission. Almost half of the budget request, i.e., $12.3 billion, accounts for novel and existing projects focusing on returning to the moon. It also includes the eventual landing on Mars.

Jim Bridenstine, the NASA Administrator, said it is a 21st-century financial plan deserving of 21st-century space exploration. As per the executive, the budget for fiscal 2021 is one of the most substantial financial statements in the history of NASA. He added the move clearly reveals the president’s support for the agency. NASA reports indicate it will cost around $35 billion to the capital of the Artemis lunar mission. Currently, the agency aims to land humans on the surface of the moon by 2024. To make it a reality, the budget petition says NASA will require financial support for every consecutive year up to 2025.

After the arrival of the budget request from the White House, NASA unveiled more particulars regarding the scheme. The space agency has revealed the amount it requires for the Artemis lunar program in the upcoming five years. NASA foresees requiring greater than $26-$27 billion every year for the forthcoming five years. As per the agency, it will need $28.6 billion for fiscal 2023, which is the highest amount in the period. Jim said NASA would probably require an additional amount between $20 to $30 billion over the upcoming five years. Above all, the financial plan calls for the overall Moon-to-Mars mission to demand $71 billion up to 2024.

SHARE:
Steven Burnett

Steven Burnett

Steven Burnett has over 15 years of experience spanning a wide range of industries and domains. He has a flair for collating statistical data through extensive research practices, and is well-versed in generating industry-specific reports that enables his clients to better comprehend a market’s landscape and aid in making well-informed decisions. His hobbies include playing football and the guitar.