Australia's unique geography makes it an ideal candidate for launching future missions. But millions more need to be invested in spacecraft to take off locally in the next decade.
Many have welcomed the funding, but experts say millions more will be needed before Australia sees a local rollout any time soon.
According to the PM, this is part of an effort to make Australia a key player in the space race.
But the Opposition suggested this was part of the Liberal Party's campaign to win government in Western Australia.
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