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The company is now the first in China to send a liquid fueled rocket to space:
Chinese company Space Pioneer established a pair of milestones this past Sunday, becoming the first startup to successfully reach orbit on its first attempt, and the first Chinese company to reach orbit with liquid rocket propulsion.
Space Pioneer launched its Tianlong-2 from the Jiuquan launch centre in northwest China at 4:48 a.m. ET on April 2, according to SpaceNews. The rocket carried a small satellite to a Sun-synchronous orbit, where it will test its remote sensing capabilities.
The company, officially known as Beijing Tianbing Technology Co., is the first in China to fly a rocket using liquid propellant. Tianlong-2 uses liquid oxygen kerosene rather than solid propellant made from fuel and oxidizer, which allows for more control of the thrust magnitude and is better suited for reusability.
[...] The private space venture is getting ready for the launch of Tianlong-3, a larger liquid propellant rocket that's designed with a reusable first stage similar to SpaceX's Falcon Heavy rocket. The upcoming rocket will be capable of carrying 15 tons of payload to low Earth orbit, and it's hoping to launch up to 60 satellites for China's Guowang LEO communications megaconstellation, according to Space Pioneer. The company is targeting early 2024 for the first launch of Tianlong-3, while targeting around 12 launches per year starting 2025.
(Score: 4, Insightful) by fraxinus-tree on Friday April 07, @11:25AM (5 children)
The company either is not private anymore, or never has been private in the first place.
(Score: 2, Insightful) by khallow on Friday April 07, @12:38PM
At this point, it'll be hard to tell how much because of how contaminated the investment environment is in China. I doubt there is any company with publicly traded shares that isn't at least a little owned by some part of the Chinese government through a chain of ownership. And even if you are purely privately owned on paper, that can be changed with the whim of a bureaucrat.
(Score: 0, Interesting) by Anonymous Coward on Friday April 07, @03:34PM
And whose Kalman Filter did they steal?
(Score: 1, Troll) by legont on Saturday April 08, @03:05AM (2 children)
You have no clue. China has dozens if not hundreds private space companies. One of them was recently sold over internet show.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2) by legont on Monday April 10, @03:54AM (1 child)
Being marked as a troll for stating undeniable facts got to be a local record.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2) by Freeman on Monday April 10, @02:47PM
The undeniable fact is that a "private business" in China is private as long as the government wants it to be. As opposed to free countries where it would be illegal for the company to be taken over by the government.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"