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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Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space
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