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Thread: China and Private Industry Space Exploration

  1. #61
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    This year, the Chinese "Commercial space sector poised for takeoff".

    http://www.ecns.cn/news/sci-tech/201...a9951844.shtml

    China's private space sector raised plenty of money last year despite the chilly investment climate, thanks to national support for the industry and a changing environment.

    In 2018, three rocket start-ups - OneSpace, LandSpace and iSpace, also known as Beijing Interstellar Glory Space Technology - held a total of eight rounds of fundraising, each raising 700 million yuan ($101.95 million) to 800 million yuan.

    On Wednesday, iSpace said it had secured its A-plus financing round last September from investors led by CDH Investments, according to a statement the company sent to the Global Times.

    The start-up said it plans to complete an orbital mission with its SQX-1Z rocket at the Jiuquan Satellite Launch Center, Northwest China's Gansu Province, in the first half of this year.
    More on what some of the startups are doing.

    https://gbtimes.com/chinese-launch-s...et-hover-tests

    Two of China's first entrants into the new commercial space launch scene have carried out tests related to engines and rockets for respective planned future orbital launch vehicles in recent days.

    Last week Beijing-based Landspace test-fired a gas generator for its Tianque-12 (TQ-12) methalox rocket engine, an 80-tonne thrust engine designed to power the (ZQ-2) liquid methane and liquid oxygen launch vehicle, the company announced (in Chinese) on Monday.

    The test was carried out at a new 'intelligent manufacturing facility' in Huzhou, where the test-firing of the combustion chamber for the TQ-12 engine was also performed in September last year.
    Last edited by selvaarchi; 2019-Jan-07 at 05:16 PM.
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  2. #62
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    Japanese view on China's space-startup boom and what Japan plans in that area.

    https://asia.nikkei.com/Business/Bus...vernment-boost

    China is ramping up a campaign to nurture space startups in an attempt to solidify its technological base and grab the lead in the emerging sector of small satellites and low-cost rocket launches.

    Among the highest-profile startups is Shanghai-based LinkSure Network. Founded in 2013, LinkSure is trying to build a constellation of 272 satellites by 2026 to provide satellite-based internet service around the world, with the first satellite set for launch later this year. The company's core members come from a Chinese space agency and the central government.

    Space startups are burgeoning as China embarks on a strategy of military and civilian cooperation initiated by President Xi Jinping in 2015. The small satellite market is an especially attractive target for them, having become more accessible as rockets and satellites grow smaller and smarter. U.S. companies such as OneWeb and SpaceX are already planning to deploy thousands of small satellites to blanket the Earth with broadband connectivity.
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  3. #63
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    Interview with Essential Capital, one of the early Chinese VC firm looking at the Space industry in China.

    https://china-aerospace.blog/2019/01...pace-in-china/

    Essential Capital (a.k.a 元航资本 in Chinese) is a Chinese VC firm founded in 2015 and based in Beijing. Essential Capital considers itself an early-middle stage investor, with a major focus on “hard tech”.

    As an early mover within the VC world into the burgeoning Chinese space industry, the company’s founders gave some interesting insights on the topic in an interview to the Chinese media Iyiyou 亿欧 in December 2018 (see [1]). This article sums up the main takeaways and adds further comment along the way.
    "FutureAerospace’s China Commercial Space Investment Report 2018: Highlights"

    https://china-aerospace.blog/2019/01...18-highlights/

    2018 has been a crazy year for Chinese commercial space, and 2019 promises to be even crazier. iSpace raised 110 million RMB on January 3 [1], Minospace raised an estimated 20 million RMB on January 15 [2] , and as I am writing these lines (26/01/2019), Changguang Satellite (CGSTL) just raised a whooping 250 million RMB in an angel round [3]. This has literally smashed January 2018’s record (283 million RMB raised). Before 2019 goes any further, let’s take some time to reflect on investments in Chinese space tech in 2018.
    Last edited by selvaarchi; 2019-Feb-09 at 12:47 AM.
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  4. #64
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    Yet another Chinese company has entered into the space launch business. It is also going after reuse ability but have taken a different approach.

    https://china-aerospace.blog/2019/03...cher-start-up/

    Yet another new Chinese launcher start-up has been revealed and put into the spotlight this week: Space Transportation (which is a rough translation of its Chinese name: 凌空天行). The company was actually founded back in August 2018, but had been keeping a low profile ever since. However last Thursday, Source Code Capital (源码资本) published on its WeChat official account that “it had provided Space Transportation Co. several tens of millions of RMB” (1 USD = approx. 6.71 RMB) in an angel round to fund the start-up’s ambitious development agenda. This news has rapidly propagated through the Chinese financial media over the past few days, and is bound to reach English readers soon (including through this article!).
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  5. #65
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    China to launch its biggest solid-propellant carrier rocket.

    http://www.china.org.cn/china/NPC_CP...t_74569705.htm

    China Aerospace Science and Industry Corp will soon launch the nation's biggest solid-propellant carrier rocket and is working on new models that will be even larger and stronger, a project insider said.

    Hu Shengyun, a senior rocket designer at the CASIC Fourth Academy in Wuhan, Hubei province, which develops and builds the Kuaizhou series, said the maiden mission of the Kuaizhou 11 will take place soon at the Jiuquan Satellite Launch Center in northwestern China.

    He spoke to China Daily on the sidelines of the ongoing second session of the 13th National People's Congress in Beijing as he attends the national legislature's annual meeting.
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