The First Time Successfully Launched Rockets Into Orbit, This Asian Country Is Getting Closer To America

Shanghaiist
China successfully launched a rocket into orbit

A Chinese startup, Interstellar Glory Space Technology (iSpace) successfully launched a commercial rocket that could carry satellites into Earth's orbit on Thursday (7/25).

The success of the private company was the first time amid fierce competition from dozens of similar private companies in China.

In the WeChat social media page, iSpace said that the rocket made as high as 20 meters, named Hyperbola-1.

The rocket managed to reach an altitude of up to 300 kilometers.

The iSpace Hyperbola-1 rocket launched from the Jiuquan Satellite Launch Center early on Thursday (05.00 GMT).

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Two other private Chinese rocket makers, LandScape and OneSpace, failed to launch their rocket into orbit last year.

The rocket launch business is currently dominated by two private US companies, SpaceX and Blue Origin.

China itself only gave permission for private companies to enter the Space industry in 2014.

By the end of 2018, there were more than 100 private companies registered in the industry with this very lucrative potential.

In May 2018, OneSpace became the first private company to send independently developed rockets into space.

Followed by a successful suborbital launch by iSpace four months later.

Reported by Reuters, the State Council said that the space industry is an important part of China's development strategy.

One of China's short-term tasks is developing the main satellite systems for remote control, communication and broadcasting, as well as navigation and positioning.

The Chinese president plans to send a permanent manned space station into orbit by 2022.