Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine, and U.S. companies stand to benefit, according to an analyst report on Friday.
Space-focused research and investment firm Quilty Analytics sees U.S. companies as net beneficiaries, with Elon Musk's SpaceX"the clear winner" in the global launch marketplace.
"Russia and Ukraine have for decades contributed significantly to the global space industry. Both are The Russian state-run Roscosmos space agency, with its Soyuz rockets, has long been one of the leading launch providers in the industry — delivering satellites, cargo and crew into orbit.
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