China’s iSpace launches satellites into orbit BEIJING:
A rocket developed by iSpace
put satellites into orbit after a launch from a state facility in northwestern China yesterday, marking the first successful orbital launch by a privately funded Chinese firm.
iSpace’s Hyperbola-1 rocket
blasted off from the Jiuquan Satellite Launch Centre at 1 p.m., sending two satellites and payloads into a predetermined orbit, the company said in a statement on its official WeChat account.
The successful orbital launch was preceded by two failures since late last year by other startups.
Beijing-based Landspace attempted to deliver a satellite into orbit in October 2018 but failed.
In late March this year, a rocket developed by OneSpace also failed to reach orbit.
Tens of private Chinese space companies
have joined a race in recent years to develop rockets capable of delivering low-cost micro-satellites with commercial applications, backed by mostly Chinese venture capital.
https://www.bangkokpost.com/business/1719043/chinas-ispace-launches-satellites-into-orbit
ispace becomes the first private Chinese company to launch satellites to orbit | TechCrunch