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China Launches First Private Rocket Capable of Carrying Satellites

posted by Fnord666 on Friday July 26 2019, @01:31AM   Printer-friendly

upstart writes:

Submitted via IRC for Bytram

China launches first private rocket capable of carrying satellites

A Chinese startup successfully launched the country's first commercial rocket capable of carrying satellites into orbit Thursday, as the space race between China and the US heats up.

Beijing-based Interstellar Glory Space Technology—also known as iSpace—said it launched two satellites into orbit around 1:00 pm Beijing time (0500 GMT) from Jiuquan, a state launch facility in the Gobi desert.

The three-year-old company is one of dozens of Chinese rivals jostling for a slice of the global space industry, estimated to be worth about $1 trillion by 2040 according to Morgan Stanley.

The sector is currently dominated by SpaceX and Blue Origin in the US.

But Chinese startups are mostly focused on building technology to launch microsatellites instead of space tourism like their US counterparts, a spokeswoman for iSpace said.

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  • (Score: 2) by black6host on Friday July 26 2019, @02:21AM (2 children)

    by black6host (3827) on Friday July 26 2019, @02:21AM (#871316) Journal

    I swear I'm going to open a damned taco stand called iTaco. I'm getting in on the ground floor here folks! Any backers? :)

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
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  • (Score: 2) by Snotnose on Friday July 26 2019, @03:40AM

    by Snotnose (1623) on Friday July 26 2019, @03:40AM (#871326)

    followed by iFart, no doubt.

    --
    My ducks are not in a row. I don't know where some of them are, and I'm pretty sure one of them is a turkey.

  • (Score: 2) by Gaaark on Friday July 26 2019, @11:37AM

    by Gaaark (41) on Friday July 26 2019, @11:37AM (#871418) Journal

    I like Fish Taco! ;)

    Side track:
    https://m.youtube.com/watch?v=dkjbMoj0JY4 [youtube.com]

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---