This discussion comes as a result of the Russian Soyuz rockets being blocked after Russia decided to invade Ukraine, according to a report released by Reuters on August 12. ESA Director General Josef Aschbacher mentioned that besides SpaceX, cooperation with Japan and possibly India could be on the table for the Europeans, as they’re currently in an exploratory phase, and these backup solutions will be temporary. He also added:
Boon for SpaceX
The fallout caused by the Russian invasion of Ukraine has been a bit of a boon for SpaceX as other companies, like Northrop (NYSE: NOC), were also looking into severing ties with Russia. Furthermore, Satellite internet firm OneWeb, a competitor to SpaceX’s Starlink satellite internet venture, booked one SpaceX Falcon 9 launch in March. On the other hand, the entire development with Russia could be a learning moment for Europe, which was highly dependent on Russian energy and space technology until now. Issues surrounding the war were an abrupt and painful cut, forcing numerous European businesses to look for quick alternatives, which do not always represent the best solution. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
