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Satnews Daily
April 19th, 2018

Russia Should Not Compete with SpaceX, Says That Nation's Deputy Prime Minister

The Russian news service, TASS, is reporting that Russian Deputy Prime Minister Dmitry Rogozin believes that Russia should not seek to compete with Elon Musk and his SpaceX company in the arena of launch vehicle marketing, as this segment of the industry constitutes a tiny 4 percent of the overall market of space services.

"The share of launch vehicles is as small as 4% percent of the overall market of space services. The 4% stake isn’t worth the effort to try to elbow Musk and China aside," Rogozin said in an interview on the RBC-TV channel on Tuesday.

Rogozin estimates the real market of space services at approximately $350 billion, with the creation of payloads, and not the launch of these payloads in space, accounting for the bulk of the sum.

"Payloads manufacturing is where good money can be made," he added.