Chinese launch service provider Expace has secured $237 million in B round funding, following last week's return to flight of its Kuaizhou-1A solid rocket.
Chinese state-owned entities are developing a growing range of solid rockets to meet growing launch demands and contribute to a wider strategy of making China a fully-fledged space power.
A number of China’s emerging rocket companies have secured major funding rounds in recent weeks as competition to reach orbit intensifies.
China’s main space contractor will target more than 40 orbital launches this year, including completion of the Tiangong space station, following 48 successful launches in 2021.
A Chinese Kuaizhou-1A rocket launched the experimental Shiyan-11 satellite for China’s main space contractor from northwest China late Nov. 24.
China set a new national record for orbital launches in a calendar year with the launch of a commercial remote sensing satellite on a Kuaizhou-1A solid rocket Wednesday.
The status of a classified satellite launched from southwest China Sept. 27 remains unknown more than 12 hours after liftoff.
Chinese large state-owned enterprise CASIC laid out a new set of commercial space plans for the next five years at a conference Monday.
Launch of a new Chinese Kuaizhou-11 commercial solid rocket ended in failure Friday resulting in the loss of two satellites.
China's commercial satellite sector is expecting to see a boost after satellite internet was added to a list of "new infrastructures" to receive government support.
A Chinese commercial Kuaizhou-1A rocket sold for $5.6 million in a live streamed auction hosted by e-commerce platform Taobao Wednesday.
The launch of a Long March 5B heavy-lift rocket carrying a Chinese new-generation spacecraft is going ahead despite the coronavirus outbreak.
HELSINKI — China carried out its second orbital launch in just over 24 hours late Wednesday, sending the Yinhe-1 commercial 5G satellite into low Earth orbit.