Astronauts flying on SpaceX's Crew-5 mission for NASA stand in front of the agency's worm logo during a countdown dress rehearsal on Oct. 2, 2022, at Kennedy Space Center in Florida.
The National Aeronautics and Space Administration on Thursday said its annual economic output is three times the size of its yearly budget.
In a newly released study, NASA looked at fiscal year 2021, in which the agency had over 19,000 employees and a federal budget of $23.3 billion.
According the report, NASA missions, research and more "generated a total economic output of more than $71.2 billion," with the agency's work supporting about 340,000 jobs in all 50 states and Washington, D.C."We're trying to point out just how penetrating, and almost incalculable, this [agency's] economic impact is," NASA Administrator Bill Nelson told CNBC.
And, as effective as NASA's return on taxpayer dollars may seem, Nelson argued that the economic impact report actually undersells the agency's value to the U.S. economy.