The Australian Space Agency will receive a $150 million package to help boost the local space industry with the aim of assisting NASA on its upcoming return to Moon and Mars missions. The funding is positioned to support a boom in new ideas, technologies and skilled employment in Australian businesses - providing an opportunity to work with NASA on these major missions.
The large investment will also assist the Australian Space Agency in heading towards its target to triple the size of the Australian space industry to 20,000 employees and $12 billion value by the year 2030.
Prime Minister Scott Morrison said the investment would benefit all Australians with more jobs, new technologies and more investment in businesses that would grow the economy
"We’re backing Australian businesses to the moon, and even Mars, and back,” the Prime Minister said.
“We’re getting behind Australian businesses so they can take advantage of the pipeline of work NASA has committed to.
"There is an enormous opportunity for Australia’s space sector which is why we want to triple its size to $12 billion to create around 20,000 extra jobs by 2030.
"We’ve partnered with the US in almost all of their missions to space for the last 60 years and this investment paves the way for the next 60. The growing amount of space sector work and innovation will also inspire the next generation to see the future of a career in these fields for the long term.
"The historic commitment continues an already strong alliance and enduring friendship between the U.S. and Australia.”