Russia announces new $50 billion space program
Are we facing a new space race?
“Russia is celebrating its Day of Cosmonautics in grand fashion today. President Vladimir Putin has announced a new multi-year plan to develop the country’s spacefaring efforts, which will be funded to the tune of some 1.6 trillion roubles (just over $50 billion) between now and 2020. Underlining Russia’s proud heritage of space exploration and engineering, Putin describes this new drive as being instrumental to Russia’s economic competitiveness as well as maintaining its position as a leading space power.”