Space center going public

November 07, 1991

The Baikonur space center in Soviet Kazakhstan will become a joint-stock company called International Spaceport, offering its services on a commercial basis, Tass news agency says.

The new company will compete with the European Ariane consortium and U.S. and Chinese aerospace firms in launching all kinds of spacecraft using Soviet rockets, a spokesman for the Kazakhstan space research agency said yesterday.

Eighty percent of the stock shares will be held by the agency, major commercial banks and the space associations of Russia and the Ukraine.

The remaining 20 percent will be sold freely.

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