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Russian President Vladimir Putin on Wednesday strongly endorsed the decision by the Russian government to consolidate control of that country’s entire space industry into a single, government-run corporation.
Putin said the plan to unite the federal space agency, Roscosmos, with United Rocket and Space Corporation (URSC) in a new corporate behemoth that will retain the Roscosmos name was “the right proposal” during a cabinet meeting on Wednesday, the TASS news agency reported. The union would meld the federal space agency’s strategic oversight function with the industrial might of state-owned URSC — which was itself created from the union of some of Russia’s key space firms in an effort to increase efficiency in 2013.
Shades of the cold war! Even as the U.S. space industry is shifting away from government control to private enterprise, Russia is returning to it. We shall see which model works best as the world competes to get to the stars.