U.S. Space Companies Poised to Benefit as Russia Cuts Ties to Industry, Analyst Says

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine, and U.S. companies stand to benefit, according to an analyst report on Friday.

Space-focused research and investment firm Quilty Analytics sees U.S. companies as net beneficiaries, with Elon Musk's SpaceX"the clear winner" in the global launch marketplace.

"Russia and Ukraine have for decades contributed significantly to the global space industry. Both are The Russian state-run Roscosmos space agency, with its Soyuz rockets, has long been one of the leading launch providers in the industry — delivering satellites, cargo and crew into orbit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines