The Director General of the German 🇩🇪 #SpaceAgency revealed that funding for the #launcher competition will be in the same region as the 361 million Euro 💰 a year from 📆 2026 onwards for future #Ariane 6 (340 million) and #VegaC (21 million) launches that #ESA has agreed on. For the first phase, a projected three companies will compete with each other for funding of 75 million euros 💶 from the agency’s 📆 2022 budget https://www.nasaspaceflight.com/2023/11/paradigm-shift-european-spaceflight/
While #NASA makes its budgetary decisions every year, and includes private companies in its strategies, the #ESA approves its spending once every three years after tortuous project-by-project haggling among its 22 member countries.
The #EU 🇪🇺 has a seven-year budget cycle. #China 🇨🇳 and the #US 🇺🇸 make decisions much quicker https://www.politico.eu/article/europes-space-pioneers-struggle-to-lift-off/
#Irrational escalation of #commitment is reflected in such proverbial images as "throwing good money after bad", or "In for a penny, in for a pound", or "It's never the wrong time to make the right decision", or "If you find yourself in a hole, stop digging". https://en.wikipedia.org/wiki/Escalation_of_commitment
📆 Feb 2015 #ESA 🇪🇺 “GeoReturn” policy : #SpaceX shows that technology has advanced sufficiently in the last 30 years ⌛ to enable new, game changing approaches to #space access. Why did none of the other #LaunchProviders even start to tap into this technological potential ? https://thespacereview.com/article/2687/1
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