Sea Launch for sale
December 3, 2015
By Chris Forrester
Reports out of Moscow say that struggling launch operator Sea Launch is either up for sale or is seeking an investor to take over a portion of the business.
Russian news agency TASS says that Sea Launch’s running costs are around $30 million annually. Sea Launch provides an assembly and floating launch platform (a converted oil rig) which is capable of sending rockets into orbit from mid-Pacific.
“The search for investors continues,” stated TASS. “Negotiations are underway. The project’s management has the task to find an investor or a buyer as soon as possible in order to relieve [current owners] Roscosmos and RKK Energia of the financial burden associated with the infrastructure maintenance, first of all, marine vessels,” quoted TASS.