Europe is considered incapable of catching up with the United States in the space industry unless it can double its investment in the sector to two or three times.
"If we don't make major changes, we will never be able to catch up. We will always be behind, and this is of course a big risk," said the Director General of the European Space Agency (ESA), Josef Aschbacher, on Thursday to Politico on the sidelines of the GLOBSEC forum in Prague. reported by ANTARA from Sputnik, Friday, May 22.
ESA said the European Union currently contributes only 10 percent of the total global public funding for the space sector.
"I ask decision makers to double our investment at least two times, if not three times... There is no other alternative. We have to do it. For me, this is not just a backup plan," he said.
Previously in October 2025, Aschbacher had stated that Europe must create its own reusable launch vehicle to reduce the gap from SpaceX, the space company owned by US entrepreneur Elon Musk.
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