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Space Exploration

Industry Outlook

Space exploration is an expensive endeavor for the U.S. government. In recent years, NASA's budget has been cut more frequently than it has been maintained or increased. The agency underwent a restructuring and streamlining program that included a goal of reducing its civil-servant staff. In 2004 the trend reversed when President George W. Bush called for a new initiative to further space travel and exploration, and as a result NASA projected a $1 billion budget increase over the span of five years. This was expected to positively affect the NASA workforce. This changed in 2011 with the discontinuation of the shuttle program. However, a proposed budget increase by the U.S. government for NASA for 2021 is a positive sign for U.S. space exploration.

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