During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese ...
LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.
LinkSpace's reusable rocket RLV-T5, also known as NewLine Baby, blasts off during a test launch on a vacant plot of land near the company's development site in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee “Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.
Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later. The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp , the nation’s main space contractor.
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