Financing of space activities by organizations in conditions of war

Abstract

The article provides a thorough characterization of wartime space activity, which has grown and evolved significantly over the past six decades. It is substantiated that the utilization of space under the auspices of several space states has turned into a type of activity in more than 60 countries around the world. Authors carried out a study of trends in the sources of funding for the space industry, as well as identified negative factors that affect the pace of development of the space industry established in previous years, namely: problems in the world economy caused by the introduction of sanctions against the Russian Federation, inflation rates, changes in interest rates and loss Ukraine's export opportunities. We studied the European Space Agency report on changes to funding amounts for space sector projects that fit the definition of projects with rapid development for the years 2019–2022. The impact of the conflict on Ukraine's space industry and strategies for maintaining pre-war accomplishments under novel circumstances are identified. The process via which the government and private businesses fund domestic space activities is examined. The purpose of the article is a thorough analysis of the pre-war and post-war financing of space activities, as well as the formulation of the main models of financing the space industry in the post-war period in order to bring it to a new level of functioning. The research underscores space activity as a major financing priority in developed nations. Pre-war, the space industry showed rapid growth, initially state-funded, later attracting private investments. However, ongoing conflict in Ukraine led to reduced funding for less profitable projects, emphasizing the need for a balanced strategy using state and private investments for post-war reconstruction and maintaining a strong national defense capability in the global space sector.