Russia Speeds Up Moon, Mars Plans as U.S. May Cut Spending

Russia is accelerating its space program.

“It is the first time that the government has allocated decent financing to us,” Anatoly Perminov, head of the Russian space agency Roscosmos, said in a phone interview on April 2. The agency’s $3.5 billion budget for 2011 has almost tripled since 2007, reaching the highest since the collapse of the Soviet Union in 1991. “We can now advance on all themes a bit,” Perminov said.

Unlike 50 years ago, when beating the U.S. into space marked a geopolitical victory in the Cold War, Russia is focusing on the commercial, technological and scientific aspects of space travel. President Dmitry Medvedev has named aerospace one of five industries the government plans to nurture to help diversify the economy of the world’s largest energy supplier away from resource extraction.

For Some Entrepreneurs, Moon Is Money

Software engineers to the Moon!

Crazy? Absolutely! Impossible? Probably not! There are a growing number of people who believe that with federal funding for our space program getting scarce, the future lies in private-public partnerships. Entrepreneur Elon Musk’s third job (after leading electric car company Tesla and acting as the Chairman of solar installer SolarCity) is heading up SpaceX, which was the first private company to successfully launch, orbit and recover a rocketship. Virgin’s Richard Branson has a similar private space venture.

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