Russian company S7 ends project to build private rocket
The Russian company S7 has ended its project to build a private rocket, citing lack of funds and a dearth of Russian investors.
Due to a lack of opportunity to raise funding, the project to create a light-class carrier rocket has been suspended,” the press service said.
The company said that was the reason why it let go some of its staff – 30 people out of more than 100 – in June. “Still, S7 Space continues to operate in some areas, such as additive and welding technologies where work is underway,” it said.
S7 first announced this rocket project in 2019. Development was suspended in 2020, however, when the Putin government imposed new much higher fees on the company for storing the ocean launch platform Sea Launch, fees so high that the company was soon negotiating to sell the platform to a Russian state-run corporation.
At the moment it appears that while Russia has possession of the Sea Launch ocean floating launch platform, it has nothing to launch from it. Nor does there appear to be any Russia project that might eventually do so. The Putin government has quite successfully choked off S7 — fearing the competition it would bring to Roscosmos — and with it any other new rocket company.
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The Russian company S7 has ended its project to build a private rocket, citing lack of funds and a dearth of Russian investors.
Due to a lack of opportunity to raise funding, the project to create a light-class carrier rocket has been suspended,” the press service said.
The company said that was the reason why it let go some of its staff – 30 people out of more than 100 – in June. “Still, S7 Space continues to operate in some areas, such as additive and welding technologies where work is underway,” it said.
S7 first announced this rocket project in 2019. Development was suspended in 2020, however, when the Putin government imposed new much higher fees on the company for storing the ocean launch platform Sea Launch, fees so high that the company was soon negotiating to sell the platform to a Russian state-run corporation.
At the moment it appears that while Russia has possession of the Sea Launch ocean floating launch platform, it has nothing to launch from it. Nor does there appear to be any Russia project that might eventually do so. The Putin government has quite successfully choked off S7 — fearing the competition it would bring to Roscosmos — and with it any other new rocket company.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
A lack of freedom is destroying the once-proud Russian space program.