Brazil’s Space Industry Is Taking Off: New Players, Big Plans, and a Sky-High 2040 Outlook
Brazil’s Alcântara Launch Center, near the equator, allows launches with up to 30% less fuel than higher-latitude sites. In July 2024, Brazil enacted Law 14,946/2024, creating new regulations for space activities and establishing a state-owned company, Alada, to manage Alcântara. The Brazilian Space Agency’s 2024 budget is R$102 million (US$20 million), with plans to quadruple funding next year.