Crisis in the space industry: russia is losing key enterprises
Two developments have shown that the real state of russia’s space industry is far from what propaganda portrays:
▪️ One of the largest and oldest companies in the sector – the rocket and space corporation “energia” – admitted it is on the verge of collapse. Its head, igor maltsev, openly stated about a “critical situation,” multimillion debts, staff demotivation, and the threat of closure;
▪️ The private holding SR Space, which recently promised a revolution in light launch vehicles and satellite constellations, has officially been declared bankrupt.
Due to sanctions, russia has effectively lost access to critical Western technologies, and space launches for foreign customers have nearly stopped. russia can no longer compete with key players such as the US and China.
In wartime conditions, space has become a secondary priority for the kremlin, as the main resources are absorbed by the army and weaponry. The myth of russia as a “great space power” is gradually collapsing: the industry is degrading, losing personnel, technologies, and prospects.
