KYIV, May 31 – Legal restrictions of post-Soviet period for the full-fledged operation of private companies of the aerospace sector in Ukraine are absurd, and NewSpace private companies will shape the space launch market in the near future, the owner and director of private U.S. Firely Aerospace Inc. Max Polyakov said.

Ukrainian aerospace sector has a high potential, but many Soviet industrial practices and methods are still highly effective, Polyakov told Interfax-Ukraine.