MOSCOW – Russia’s house company will borrow as much as 50 billion roubles ($710 million) in 2023 to fund a mass satellite-building programme to meet up with america and China, the organisation mentioned on Tuesday.
Roscosmos mentioned it will place publicly traded bonds on Russia’s monetary markets all through subsequent 12 months to spice up its capability to provide and launch satellites each for the Russian authorities and personal firms.
The house company has this 12 months launched plenty of satellites into orbit, together with for Russia’s GLONASS radio-based satellite tv for pc navigation system – seen as a possible rival for to U.S. international place system (GPS) – and Iran’s Khayyam imaging satellite tv for pc – a launch that raised fears within the West it may increase Russia’s army capabilities in Ukraine.
Roscosmos head Yuri Borisov mentioned in an interview with the Vedomosti enterprise paper on Wednesday that the organisation deliberate to fund the constructing of two factories to provide satellites.
Russia at the moment produces round 15 satellites a 12 months, Borisov mentioned, far behind america and China.
“Elon Musk produces six spacecraft a day and plans to create as many as 42,000 satellites by 2022. China’s manufacturing capability is over 500 satellites a 12 months,” Vedomosti quoted Borisov as saying.
Borisov desires Russia to provide 200 to 250 satellites a 12 months by the top of 2025.
Roscosmos is at the moment scrambling to discover a answer to a coolant leak on its Soyuz spacecraft docked on the Worldwide Area Station that noticed a deliberate spacewalk by Russian cosmonauts cancelled.
($1 = 70.23 roubles)
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