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Chinese launch startup Cosmoleap has raised over 100 million yuan to develop its Yueqian reusable rocket, featuring a recovery system inspired by SpaceX. The company aims for a test flight in 2025 or 2026, targeting satellite Internet support, with a larger rocket planned for around 2030. Investors believe Cosmoleap can leverage the growing commercial space supply chain in China.
CAS Space, a commercial spinoff from the Chinese Academy of Sciences, is targeting international markets for growth, leveraging its Kinetica-1 and upcoming Kinetica-2 rockets. With plans for 5-8 launches next year and ambitions for suborbital tourism by 2027, the company faces stiff competition and regulatory challenges, particularly from U.S. export controls. To enhance transparency and market presence, CAS Space is actively engaging on social media and exploring partnerships for global payloads.
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Chinese startup cosmoleap secures funding for reusable rocket development
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10:33 01.11.2024
cas space aims for international expansion in competitive launch market
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15:06 31.10.2024
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