Russia’s New Soyuz 5 Rocket Grounded Over Last-Minute Checks

Russia and Kazakhstan have delayed the launch of their joint Baiterek space project, pushing back the launch of the Russian Soyuz-5 rocket.

Roscosmos, the Russian space agency, said it will announce a new launch date once all tests are completed and all parties involved agree.

The Soyuz-5 was initially planned to launch by the end of the year from the new Baiterek facility at the Baikonur Cosmodrome in Kazakhstan, Russia’s main space launch site, Bloomberg reported Friday.

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Russia delayed the launch of the Baiterek rocket to carry out additional checks on onboard systems and ground equipment, according to Roscosmos.

The agency said the program is in its final stages, with additional testing aimed at ensuring a safe and successful first launch.

The project is considered a competitor to that of Elon Musk. EspaceX.

The rocket’s development has already been affected by international sanctions imposed on Russia.

Hype over SpaceX valuation grows

Meanwhile, Musk and other experts see enormous growth potential for SpaceX.

Musk expects the company to reach a valuation of $100 trillion, citing the need for moon bases and the launch of solar-powered AI satellites.

See also: Deloitte’s #1 Fastest-Growing Software Company Lets Users Earn Money Just By Scrolling — Accredited Investors Can Still Participate at $0.50/Share.

Bill Ackmanfounder of the investment company Pershing Square Capital Managementproposed that SpaceX could go public next year through the company’s special-purpose rights vehicle, Place Pershing SPARC Holdingspresenting it as a measure that would “reward the faithful” Tesla Inc. (NASDAQ: TSLA) shareholders with the opportunity to invest in SpaceX.

Rocket Lab benefits from competitive visibility

Rocket Lab Corp.. (NASDAQ: RKLB) is also attracting attention as a potential challenger to SpaceX.

Ryan Koontz of Needham said the vertical integration and expansion of Rocket Lab’s space systems business provides a competitive advantage. Koontz expects the next Neutron rocket to unlock more value.

He also highlighted a major defense contract for missile warning satellites that doubled Rocket Lab’s space systems backlog to $1.4 billion, noting that recent acquisitions have strengthened the company’s internal supply chain.

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This article New Russian Soyuz 5 rocket grounded following last-minute checks was originally published on Benzinga.com