Comments
toodroot t1_j15kgni wrote
No other government space agency directly issues bonds, and there's a reason why.
Hey u/Soupjoe5 this is a Reuters story, how about posting Reuters links instead of a Chinese government website? Thanks.
trpov t1_j16axy4 wrote
The South China Morning Post is decidedly not a Chinese government entity. It’s a reputable news source based out of Hong Kong. The Chinese government don’t particularly like it. No need to spread misinformation.
Soupjoe5 OP t1_j13ulgj wrote
Article:
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Roscosmos said it would place publicly traded bonds on Russia’s financial markets throughout next year
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Russia’s space agency will borrow up to 50 billion roubles (US$710 million) in 2023
Russia’s space agency will borrow up to 50 billion roubles (US$710 million) in 2023 to fund a mass satellite-building programme to catch up with the United States and China, the organisation said on Tuesday.
Roscosmos said it would place publicly traded bonds on Russia’s financial markets throughout next year to boost its capacity to produce and launch satellites both for the Russian government and private companies.
The space agency has this year launched a number of satellites into orbit, including for Russia’s GLONASS radio-based satellite navigation system – seen as a potential rival for to US global position system (GPS) – and Iran’s Khayyam imaging satellite, a launch that raised fears in the West it could boost Russia’s military capabilities in Ukraine.
Roscosmos head Yuri Borisov said in an interview with the Vedomosti business paper on Wednesday that the organisation planned to fund the building of two factories to produce satellites.
Russia currently produces around 15 satellites a year, Borisov said, far behind the United States and China.
“Elon Musk produces six spacecraft a day and plans to create as many as 42,000 satellites by 2022. China’s production capacity is over 500 satellites a year,” Vedomosti quoted Borisov as saying.
Borisov wants Russia to produce 200 to 250 satellites a year by the end of 2025.
Roscosmos is currently scrambling to find a solution to a coolant leak on its Soyuz spacecraft docked at the International Space Station that saw a planned spacewalk by Russian cosmonauts cancelled.
chrisLivesInAlaska t1_j173jzm wrote
I'll gladly pay you Tuesday for a satellite today.
Evil_Thresh t1_j17l1bl wrote
How does a bond work for a non-profit entity like the Roscosmos? How do they pay the money back if they are not making any money?
[deleted] t1_j142fgq wrote
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[deleted] t1_j17jmqb wrote
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bozeke t1_j17vmtk wrote
I honestly feel terrible for Russian scientists. I know there is an impulse to say, “just defect and move somewhere else,” but the reality of actually doing that is something that I think we would all struggle with if we were just trying to live a a normal life in our country of birth.
At this point it is only going to get worse for them, so getting out is almost definitely the best option; but what a sick reality to be forced to face.
plopseven t1_j16t8a7 wrote
Who in their right mind is investing in Russian rocket technology right now?
dan_dares t1_j13y08p wrote
GLONASS a rival to GPS..
Should tell the russian military who use civilian GPS recievers.
Also who is going to fund this 😂 millions will go in and every step of the way funds will shrink, eventually a tin can with chinese radio will be launched by firework.