Crisis in the space industry: russia loses key enterprises

One of the largest and oldest companies in the industry, the rocket and space corporation Energia, has admitted that it is on the verge of collapse. Its head, Igor Maltsev, has openly spoken of a ‘critical situation,’ millions in debt, loss of staff motivation, and the threat of the corporation's closure.

The private holding company SR Space, which recently promised a revolution in the field of light launch vehicles and satellite constellations, has been officially declared bankrupt.

Due to sanctions, russia has effectively lost access to critical Western technologies, and space launches for foreign customers have almost stopped. russia can no longer compete with key players such as the United States and China.

In the context of war, space has become a secondary priority for the Kremlin, with the army and armaments absorbing most of the resources. The myth of russia as a ‘great space power’ is gradually crumbling: the industry is deteriorating, losing personnel, technology and prospects.

Source: Centre for Countering Disinformation