• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
TechUkraine invasion

Russia’s Ukraine invasion is killing its space business and forcing it to turn to China

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
March 3, 2022, 10:37 AM ET
Add Fortune on Google for similar content.

Russia has long had an outsize role in the space business, launching myriad missions from its Baikonur spaceport in Kazakhstan. But now, blowback against Russia’s Ukraine invasion has put that role at risk.

On Thursday, the SoftBank-backed satellite internet firm OneWeb—a rival to SpaceX’s Starlink operation—said in a terse statement that its board had “voted to suspend all launches from Baikonur.”

The company had been due to launch 36 satellites from the spaceport on a Soyuz rocket later this week, until Roscosmos, Russia’s counterpart to NASA, hit it with a last-minute ultimatum.

Roscosmos said Wednesday that the Soyuz-2.1b rocket—which was already installed on the launchpad—could not take off unless the British government were to divest its 45% stake in OneWeb, which it bought for $500 million a couple of years back as part of a rescue plan for the bankrupted company.

The Russian agency also demanded a guarantee that the satellites in the launch would not be used for military purposes.

Roscosmos demands guarantees OneWeb satellites not to be used for military purposes: https://t.co/jyFt4WSbTa

❗️ Because of Britain's hostile stance against Russia, another condition for the March 5 launch is that the British government withdraws from OneWeb. https://t.co/SZdEASO5ii

— РОСКОСМОС (@roscosmos) March 2, 2022

“There’s no negotiation on OneWeb: The U.K. government is not selling its share,” responded British Business and Energy Secretary Kwasi Kwarteng.

Kwarteng tweeted Thursday that the British government supported OneWeb’s decision to suspend all Baikonur launches. “In light of Russia’s illegal and unprovoked invasion of Ukraine, we are reviewing our participation in all further projects involving Russian collaboration,” he added.

Neither OneWeb nor its launch partner—the French SpaceX competitor Arianespace—had at the time of publication responded to queries about whether they will continue to use their other facility of choice, the Vostochny cosmodrome in Russia’s far east.

The OneWeb episode comes a few days after the European Space Agency (ESA) said its upcoming Mars rover mission, a joint project with Russia, was “very unlikely” to go ahead this year as planned.

The ExoMars mission was due to take off from Baikonur in September, carrying a rover named after the scientist Rosalind Franklin. ESA blamed “sanctions and the wider context” for the delay.

After the Russian invasion drew heavy sanctions late last week—including high-tech sanctions that the U.S. explicitly said were designed to degrade Russia’s space program—the country retaliated by pulling Russian staff from Europe’s Guiana Space Center in French Guiana, a French overseas region on the northern edge of South America.

Europe is using the spaceport to build Galileo, its counterpart to the U.S. GPS navigation constellation: A Russian Soyuz rocket was supposed to add two new satellites to the Galileo constellation on April 6. However, European Commissioner Thierry Breton responded by saying Russia’s decision to withdraw did not threaten Galileo and Copernicus, the European Earth-observation satellite program.

As of Monday, the U.S. and Russia were still cooperating on the International Space Station—not that they have much choice, with four American astronauts and two Russian cosmonauts being up there currently. Russia runs the segment of the ISS that bears its rockets. As NASA has made clear, it would be financially difficult for the U.S. to in future maintain the ISS on its own.

However, Russia did last weekend kick the U.S. out of a project that aims to explore Venus—a planet that Russia rather bizarrely claimed as its own a year and a half ago. The gesture was largely symbolic as NASA’s involvement in the Venera-D project had been tentative in any case.

Roscosmos chief Dmitry Rogozin said Saturday that Russia would either execute Venera-D alone or bring in China.

He also said China could help Russia source the microelectronics it needs for its space program, that it can no longer get elsewhere under sanctions.

China and Russia already agreed in 2019 to codevelop an International Scientific Lunar Station to rival NASA’s planned Gateway lunar station, which Russia had previously been considering signing up to.

China has so far shown little appetite for joining international sanctions on Russia. Indeed, some of China’s biggest space contractors are themselves under U.S. sanctions for exporting missile technology.  

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

stock
InvestingMarkets
How one chip stock reversed the global tech selloff, exposed AI’s ‘memory tax’ and made the case for an entire valuation regime change
By Nick LichtenbergJune 25, 2026
3 hours ago
Larry Ellison quietly gave $45 million to a pro-Trump group—then Oracle landed a starring role in a $500 billion AI buildout
PoliticsLarry Ellison
Larry Ellison quietly gave $45 million to a pro-Trump group—then Oracle landed a starring role in a $500 billion AI buildout
By Sydney LakeJune 25, 2026
3 hours ago
Sundar Pichai
SuccessCareers
Google CEO tells graduates to stop obsessing over first jobs because ‘very few moments are make or break’ in life—a lesson he learned in Vegas
By Preston ForeJune 25, 2026
4 hours ago
Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’
AITech
Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’
By Marco Quiroz-GutierrezJune 25, 2026
4 hours ago
VivaTech entrance in Paris.
NewslettersEye on AI
Europe’s AI wake-up call: cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
By Beatrice NolanJune 25, 2026
5 hours ago
Digital transformation technology strategy, IoT, internet of things. Businessman using smart phone with AI and Digital Icons design.
AICFO Daily
Top CFOs warn AI success depends on training employees, not just buying technology
By Sheryl EstradaJune 25, 2026
6 hours ago

Most Popular

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
12 hours ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
1 day ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
1 day ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Success
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
By Orianna Rosa RoyleJune 25, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.