The role of the state in the development of the rocket and space industry

Abstract

In the USSR, space exploration was considered a national achievement necessary for the state to raise the patriotic spirit of citizens and show the strength of the country. Of course, then the state was the main investor in this area. During this time, little has changed. As then, and now, all over the world, governments are the main investors in the rocket and space industry. Investments are made through the provision of grants, subsidies and direct fi nancing. Over the past ten years, the number of participating countries implementing space programs and participating in global production chains for the creation of rocket and space products has signifi cantly expanded. In addition, private funding for projects has increased, leading to a signifi cant infl ow of private capital into the space sector. The relevance of this article is explained by the fact that the number of players in the market for rocket and space products has increased signifi cantly, as has the intensity of the race in this area between countries. This trend is also facilitated by the active infl uence on this area of the American company SpaceX, whose achievements are monitored by the whole world, and Roscosmos is trying to keep up with its Western competitor. Also, do not discount China, which is one of the most, if not the most signifi cant, competitors to the United States both in the economy as a whole and in the rocket and space industry. The purpose of this article is to analyze the current situation in the rocket and space industry and the role of government regulation in this area.