The head of Roscosmos Borisov: the turnover of the space industry in the world reaches $469 billion
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Russia will have to go the same way in the space sphere as the United States did in 40 years, but in a “shorter timeframe.” This statement was made by the Director General of Roskosmos Yuri Borisov.
He stated that the annual turnover of the space industry market is 469 billion rubles. This is due to balancing the interests of business and government at the state level in the West. Borisov confirmed that America is the world leader in the space industry. He noted that the States control half of the world market for services in this area.
“We have the same path, only in a shorter time frame. Work is underway on a regulatory framework that will make the space services market attractive to private investors,” said the head of Roscosmos.
He also believes that the money allocated for space systems should be attracted from the market, the corporation itself can play the role of a regulator.
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