(NewsNation) — In 2023, NASA generated more than $75.6 billion — roughly three times its budget — for the United States’ economy, a new 400-page report from the agency said.
While much of this year’s aeronautical news focused on delays from NASA and Boeing Starliner mishaps, space exploration is one of the backbones of the nation’s economy.
NASA’s other activities, like its Moon to Mars initiative, climate change research and technology development, brought in billions. It’s estimated that the Moon to Mars program — which includes the Artemis missions — was the source of 32% of NASA’s total economic impact.
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The space agency’s earnings are felt in every corner of the country, according to the report, with 45 states getting at least a $10 million boost last year. Of that majority, eight states felt an economic impact of at least $1 billion.
“To invest in NASA is to invest in American workers, American innovation, the American economy, and American economic competitiveness,” NASA Administrator Bill Nelson said in a statement.
Its agencies supported “304,803 jobs nationwide, and generated an estimated $9.5 billion in federal, state, and local taxes,” the report reads.
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In 2023, NASA’s technological innovations led to 40 new patent applications, 69 issued patents and thousands of software usage agreements.
“Our work doesn’t just expand our understanding of the universe — it fuels economic growth, inspires future generations, and improves our quality of life,” Nelson added. “As we embark on the next great chapter of exploration, we are proud to help power economic strength, job creation, scientific progress, and American leadership on Earth, in the skies, and in the stars.”
