Earlier quoted context omitted.
In direct investments perhaps yes, but like all things it is bit more complicated, it can be cheaper in each generation, you can leverage existing talent and their experience from before . In theory a new entrant could achieve similar feats with lesser money . For example rocket lab is doing pretty well for their size with some real innovation based out of New Zealand! Extremely likely part of their staff would come…
> For example rocket lab is doing pretty well for their size with some real innovation based out of New Zealand! Rocket Lab isn't out of New Zealand, that's a popular underdog myth at this point. They're an American company, funded overwhelmingly by big US venture capital, that built their current technology primarily in the US. The initial low scale efforts for Rocket Lab originated out of New Zealand, with sounding…
Australia has only had its own Space Agency since mid-2018, and its budget is minuscule (less than 10 million AUD a year.) I think Australia should aim to spend a similar percentage of GDP on civilian (non-military/non-intelligence) government space spending as the US does. Given the US economy is about 13-14 times bigger than Australia's, this would suggest ASA's annual budget ought to be around 1/13th or 1/14th of NASA's annual budget, which would be at least 100 times bigger than ASA's budget is currently. It really is an investment in the future of the country, ensuring that it doesn't get left behind.