NASA highlights the economic impact of the Mars mission

By |2023-05-09T10:00:53-04:00October 21st, 2021|News & Media|

NASA’s Perseverance rover has become the latest man-made infrastructure to touch down safely on Mars.

After a mammoth 293 million mile journey, NASA’s Perseverance rover safely touched down safely on the surface of the red planet on February 18, 2021. The six-wheeled rover landed inside the Jerezo Crater which is believed to have been a lake millions of years ago. Perseverance will examine different types of rocks formation to determine whether they contain traces of microbial life. The vehicle is equipped with a repertoire of scientific devices to contribute to its objective, including a helicopter drone that plans to attempt the first powered flight on another planet.

But at what cost?

According to NASA, the mission is expected to cost $2.9 billion. The hefty price tag makes Perseverance the third most expensive Mars mission, trailing Viking 1 & 2, and the Curiosity rover from 1975 and 2011, respectively.

NASA has since released the results of its first-ever agency-wide economic impact report. The agency had commissioned its first economic impact study to better understand how the US economy can benefit from America’s lunar and Mars exploration efforts. The report shows that the space agency generated more than $64.3 billion in total economic output during the 2019 fiscal year, supported more than 312,000 jobs nationwide, and generated an estimated $7 billion in federal, state, and local taxes throughout the United States.

“In this new era of human spaceflight, NASA is contributing to economies locally and nationally, fueling growth in industries that will define the future, and supporting tens of thousands of new jobs in America,” said NASA Administrator Jim Bridenstine. “With an investment of just one-half of 1% of the federal budget, NASA generates significant total economic output annually. This study confirms, and puts numbers, to what we have long understood – that taxpayer investment in America’s space program yields tremendous returns that strengthen our nation on several fronts – a stronger economy, advances in science and technology, and improvements to humanity.”

mars nasa

NASA’s Perseverance Mars rover used its dual-camera Mastcam-Z imager to capture this image of “Santa Cruz,” a hill about 2.5 kilometers away from the rover, on April 29, 2021, the 68th Martian day, or sol, of the mission. (Credit: NASA/JPL-Caltech/ASU/MSSS)

Additional key findings, taken from the report, are as follows:

  • Every state in the country benefits economically through NASA activities. Forty-three states have an economic impact of more than $10 million. Of those 43 states, eight have an economic impact of $1 billion or more.
  • The agency’s Moon to Mars initiative supports more than 69,000 jobs, $14 billion in economic output, and $1.5 billion in tax revenue. The agency’s Moon to Mars programs provided about 22 percent of NASA’s economic impact, figures which are expected to double by the end of 2021.
  • NASA has more than 700 active international agreements for various scientific research and technology development activities. The International Space Station is a significant representative of international partnerships – representing 15 nations and five space agencies and has been operating for 20 years.
  • Scientific research and development – which fuels advancements in science and technology that can help improve daily life on Earth and for humanity – enjoys the largest single-sector impact, accounting for 16% of the overall economic impact of NASA’s Moon to Mars program.

It goes without saying but interplanetary space travel and exploration is a justifiably expensive undertaking. All previous Mars missions have cost billions of dollars — even some that launched five decades ago — and Perseverance is no different. NASA expects to spend $2.9 billion, according to The Planetary Society –adjusted with inflation — by the end of its lifespan.

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The Planetary Society

Despite its costly price tag, Perseverance is the seventh most expensive spacecraft in NASA’s history of planetary exploration and the third priciest Mars mission. The cost for Viking 1&2 skyrocketed after missing its original launch. All four Mars projects remain the most expensive missions ever undertaken by NASA.

By |2023-05-09T10:00:53-04:00October 21st, 2021|News & Media|
stef small
VP Trade and Export Services, ResearchFDI
Stefan is a FDI and trade development expert, frequently offering advice to economic development and trade promotion agencies on the latest global business trends and insights. His areas of expertise include international trade, FDI, B2B sales development, digital marketing, and data analysis. Stefan has successfully planned and executed numerous trade missions on behalf of various public and private clients at major industry trade shows. As an important figure in the industry, Stefan actively participates in several trade associations, including SIDO, the Ottawa Chamber of Commerce, and AMCham, showcasing his dedication and commitment to the trade development sector.