Russia bets on sweeping reform to revive ailing space industry

From rocket-shaped playground equipment to faded murals of cosmonauts, mementos of the heyday of Soviet space exploration are scattered around this sandswept town that launched Yuri Gagarin into orbit in 1961.

Russia to spend $21 bn on space industry

Russia will spend $21 billion to develop its space industry in the coming years, PM Dmitry Medvedev said Monday.

Private industry in space a risky, slow business: Experts

NASA`s plan for private sector to build spacecraft to fly astronauts to the
ISS is a high-risk undertaking that won`t show results for years, experts said.