Roscosmos hopes to monetize space services

by alex

They want to attract extra-budgetary funds for the implementation of expensive projects to create multi-satellite constellations

Roscosmos hopes to switch to monetization of space services, said the head of the state corporation Yuri Borisov at the plenary session of the Korolev Readings. This can be done from January 1, 2025, when the corresponding law is adopted. Now the law on the monetization of space services is being discussed in the State Duma of the Russian Federation and has already passed the first reading, Borisov noted.

The head of Roscosmos believes that to implement expensive projects related to the creation of multi-satellite constellations, there is hardly any other way possible other than attracting extra-budgetary funds. According to him, 70% of multi-satellite constellations in the world are created with private money. Borisov plans a gradual transition to monetization of space services after the adoption of the law.

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