ESA finally has a commercial launch strategy, but will member states pay?

Open your checkbook, please

ESA’s governance structure isn’t favorable for taking quick action. On one hand, ESA member states approve the agency’s budget in multiyear increments, giving its projects a sense of stability over time. However, it takes time to get new projects approved, and ESA’s member states expect to receive benefits—jobs, investment, and infrastructure—commensurate with their spending on European space programs. This policy is known as geographical return, or geo-return.

For example, France has placed a high strategic importance on fielding an independent European launch capability for more than 60 years. The administration of French President Charles de Gaulle made this determination during the Cold War, around the

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