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- 1S7's Sea Launch venture sits idle after a decade-long bet▼A decade ago, Russian airline group S7 bet on a floating spaceport to break into the commercial launch market. Yet Sea Launch hasn’t launched a rocket in more than 12 years.
Russian airline group S7 invested in Sea Launch, the floating spaceport it hoped would carry it into the commercial rocket launch market. More than ten years after the bet and over twelve years since the platform last launched a rocket, the venture has delivered no flights. Observers point to sanctions, financing problems and the troubled state of Russia's space industry as reasons the project stalled.