New $14 Billion Russian Spaceport Designed to Boost Country’s Space Share

Russia to boost share in global space market
RIA Novosti

Russia wants to increase its share in the global space market by building a new space center, the head of Russia’s Energia space corporation said on Friday.

“More than 80% of the space market is controlled by the United States. It has unquestionable supremacy in space. Russia only has 0.5% of the market, but when the Vostochny space center is built, we would like to have at least 10% of the market. That’s in the region of $30 billion, which is realistic,” Vitaly Lopota said.

Russia will spend around $14 billion building the Vostochny space center in its Far Eastern Amur Region.

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