A Cold War Comeback Could Turbocharge The California Space Industry

SpaceX

Vladimir Putin has become an alarming figure in the West. But one person thinks that the Russian president's actions could be a boon for the resurgent California space industry.

At Zocalo Public Square, Joe Mathews writes:

He goes on to compare Putin's provocations to the launch of Sputnik in 1957 - an event that is widely credited with heating up the Cold War and spurring a space race between the U.S. and the U.S.S.R. that culminated in an American being the first human to walk on the Moon.

To fund a rapid revival of the space business in California, he goes on to suggest a "Putin Tax" on "hard liquor, cigarettes, oil, and big houses."

This is classic "opportunity in crisis" thinking and, for what it's worth, Mathews is probably right that the aerospace industry in California hasn't been the same since the Cold War ended. Absent major geopolitical changes, it was likely to enjoy gradual, limited growth. But with Putin in charge of what's left of a once daunting U.S. rival, major geopolitical change may be on the horizon.