The surprise winner of America's fallout with Russia: the U.S. space industry

No, the U.S. doesn't need a giant "trampoline" to get to space. It has Elon Musk.

SpaceX
(Image credit: (NASA.gov))

Since the U.S. space shuttle fleet was taken out of service in 2011, the U.S. has been dependent on Russian rockets to get into space. On average, the U.S. pays Russia $71 million per person for a ride to the International Space Station. And the U.S. has been a loyal customer — right now, the U.S. has an outstanding bill of $457.9 million for Russia's services.

But all of that has been completely thrown up in the air by the crisis in Ukraine, where the two countries have been widely at odds. The U.S. has punished Russia with sanctions for annexing Crimea and supporting secessionist paramilitaries in eastern Ukraine, while Russia has lambasted the U.S. for "running the show" behind the scenes and rolled out NSA-leaker Edward Snowden to figuratively poke Obama in the eye.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.