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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
A lack of freedom is destroying the once-proud Russian space program.