Congress Grants Space Force $29B Budget for Fiscal 2024

The U.S. Space Force has received a higher spending budget for fiscal year 2024 amid cost-cutting measures across the federal government.

Steve Jordan Tomaszewski, senior director of national security space at the Aerospace Industries Association, said the Space Force budget reflects the government’s better understanding of the importance of space in protecting national security.

For fiscal 2024, the legislative branch enacted a $29 billion budget for the military branch, a slight increase compared to the $26.3 billion set aside for fiscal 2023 but lower than the $30 billion budget requested for the year, SpaceNews reported.

Jamie Morin, executive director of the Aerospace Corporation’s Center for Space Policy and Strategy, said the allocation provides the service with an opportunity to continue its major programs and support the Space Development Agency to build more resilient space architecture in low Earth orbit.

The higher budget allocation aligns with the statement made by Gen. David Thompson, vice chief of space operations at the Space Force, in May 2023, about the need for smart investments in space.