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Latest Aviation News Space CHINESE PRIVATE FIRM LAUNCHES FIRST SPACE ROCKET

Chinese private firm launches first space rocket

AFP
17/05/2018 | 570 words
A suborbital rocket was launched into space Thursday by a start-up in China's burgeoning commercial aeronautics industry, as private firms snap at the heels of their dominant American rivals.OneSpace, the Beijing-based company behind the launch, is one of dozens of Chinese rivals jostling for a slice of the global space industry, estimated to be worth about $339 billion by Bank of America Merrill Lynch and currently dominated by SpaceX and Blue Origin in the US.Its nine-metre (30-foot) "Chongqing Liangjiang Star" rocket took off from an undisclosed test field in (...)
 
 
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