Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
AI Chipmaker Sunrise Doubles Valuation After Raising 2 Billion Yuan
Tencent Unveils Larger AI Model in Bid to Close Gap With Rivals
Baidu Shifts AI Agent Dumate Toward Industry-Specific Workflows
LATEST
Tencent Unveils Larger AI Model in Bid to Close Gap With Rivals
AI Chipmaker Sunrise Doubles Valuation After Raising 2 Billion Yuan
Analysis: Unitree Shares Slide as Investors Reassess Humanoid Robot Valuations
Baidu Shifts AI Agent Dumate Toward Industry-Specific Workflows
Z.AI Unveils Cheaper Model Running Entirely on Homegrown Chips
EHang Scraps Revenue Target in Wake of Fatal Aircraft Crash
XPeng to Raise $900 Million for Robotics Unit
China’s Advanced Chip Supply to Surge 46% Annually Through 2035, Goldman Says
Xiaomi Steps Up Chip Push With New Smartphone, AI and Self-Driving Processors
Alibaba’s $12 Billion Share Sale to Fund AI Push Sends Stock Lower
TikTok to Pay $400 Million to Settle U.S. Child Privacy Lawsuit
DeepSeek Enters the Multimodal AI Race with Experimental Vision Model
Alibaba’s Profit Plunges as E-Commerce Business Falters, AI Investment Jumps
YMTC Moves Closer to Shanghai IPO
Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
China’s LandSpace Recovers Booster in Reusable Rocket Breakthrough
Spacecom Raises $1.94 billion in Bet on China’s Starlink Rival
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
First Private Chinese Company Launches Rocket Into Orbit

By Matthew Walsh / Jul 25, 2019 05:27 PM / Business & Tech

Photo: VCG

Photo: VCG

Interstellar Glory Space Technology has become the first private Chinese space company to successfully launch a rocket into orbit, marking an important milestone in the development of the country’s commercial space industry.

The launch took place at 1 p.m. Beijing time from the state-operated Jiuquan Satellite Launch Center in northwestern China’s Gansu province, according to a company press release.

China’s private space companies have been vying for several months to launch a rocket into orbit, but iSpace has finally succeeded where two of its competitors have faltered. Launches by LandSpace and OneSpace in October and March, respectively, both failed, triggering concern about the health of the country’s private space industry.

“The complete success of this launch has opened a new chapter in China’s private commercial spaceflight,” Interstellar Glory, also known as iSpace, said.

The spacecraft, the Hyperbola-1 carrier rocket, is transporting two satellites belonging respectively to the Beijing Institute of Technology and Casicspace, a company affiliated to the China Aerospace Science and Industry Corp., a state-owned aerospace equipment maker.

At 20 meters long and weighing 34 tons, Hyperbola-1 is capable of transporting a payload of 300 kilograms into low Earth orbit, according to the company’s website.

Zhao Runhua contributed reporting.

Contact reporter Matthew Walsh (matthewwalsh@caixin.com)

Related: Investors See Stars in China’s Space Startups

Share this article
Open WeChat and scan the QR code