In the world there are more space startups.
In China, a private company launched their own rocket.
The media launch of Chongqing Liangjiang Star, designed by OneSpace Technology, was held may 17, 2018, with the North-West of the country. The start is considered successful.
The rocket is able to display up to 100 pounds of cargo into orbit height of about 800 kilometers. It is noted that Chongqing Liangjiang Star, reaching a length of 9 meters, are equipped with a solid engine, created by the company, and uses energy-saving technologies, in particular wireless communication, allowing to reduce fuel costs by about 30 percent.
OneSpace Technology with headquarters in Beijing, established in 2015 with the support of the state in the framework of “One belt and one road”. The company plans to conduct 10 runs in 2019 and expects to become one of the world leaders for the removal of small spacecraft.
In 2017 OneSpace Technology has concluded with the state investment group of Chongqing Liangjiang Aviation Industry agreement providing for the construction in Chongqing, in the South-West of the country combines research and production facility for the creation of Chongqing Liangjiang Star.
In a conversation with CNN founder and Executive Director of OneSpace Technology Shu Chan said that Chongqing Liangjiang Star is “the first rocket designed and built using only domestic technologies.”
“The position of OneSpace is now very similar to what happened with SpaceX in the early years of its existence, said Shu before starting the channel. — SpaceX, the first in the United States. We are the first in China”.
In the world there are more space startups. The most expensive and successful of them is the American company SpaceX, founded and led by Elon Musk, the capitalization of which is close to 25 billion dollars.