TAMPA, Fla. — European government space spending jumped 12% to 13.5 billion euros ($15.4 billion) in 2025, according to a July 13 European Space Agency report, bucking a 3% global decline on the back of rising national defense budgets.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...