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Russian deputy PM sees no reason for competing with Musk on launch vehicles market

April 17, 11:55 UTC+3 MOSCOW

This segment constitutes a tiny 4% of the overall market of space services, according to Dmitry Rogozin

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© AP Photo/John Raoux

MOSCOW, April 17. /TASS/. Russian Deputy Prime Minister Dmitry Rogozin believes that Russia should by no means seek competition with Elon Musk and his company SpaceX on the market of launch vehicles, because this segment constitutes a tiny 4% of the overall market of space services.

"The share of launch vehicles is as small as 4% percent of the overall market of space services. The 4% stake isn’t worth the effort to try to elbow Musk and China aside," Rogozin said in an interview on the RBC-TV channel on Tuesday.

He estimates the real market of space services at approximately $350 billion, with the creation of payloads, and not the launch of these payloads in space, accounting for the bulk of the sum.

"Payloads manufacturing is where good money can be made," he said.

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