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Russia’s Soyuz rocket has also suffered under the sanctions against Russia over its war in Ukraine, bringing into question the fate of its space programme's funding.
While the rocket had already been facing rising competition from new launch vehicles, the latest moves accelerate the shift away from Soyuz, opening the door for U.S. and European firms such as SpaceX, Rocket Lab and Arianespace.
Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine.
Russia’s ongoing war with Ukraine is casting a pall over the former’s economy and place on the world stage.
As the New Space sector becomes more robust, various industries are looking to push what is possible and encourage an innovative future that will allow humans to explore deeper into space.