Russia’s 1st Private Space Satellite

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Russia’s 1st Private Space Satellite Set for Launch – Report

WASHINGTON, October 23 (RIA Novosti) – The first private Russian space satellite is set to launch in February and will leverage commonly used “cloud computing” and mobile phone technology to generate potentially huge profits for its investors, The Wall Street Journal reported.

“In 2015 we are anticipating a certain percentage of revenue coming from the cloud platform,” Ilya Golubovich, a venture capitalist whose firm has invested $20 million in the satellite’s manufacturer Dauria, told The Wall Street Journal.

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