Energy News  
SPACEMART
Startups eye rocket and satellite markets
by Staff Writers
Beijing (XNA) Oct 13, 2020

stock image only

As China moves progressively toward its goal of becoming a major power in the global space arena that can rival the United States, space startups and local governments are also racing to tap into the boom in rockets and satellites.

Over the past two months, about 2.4 billion yuan ($357 million) of investment was raised by two major private rocket companies in Beijing. In September alone, two massive manufacturing complexes-one for satellites and another for rockets-started construction in Hebei province's Tangshan and Shandong province's Haiyang.

Now, the southern coastal province of Guangdong, one of China's economic powerhouses, is determined to catch up and has chosen to start by building carrier rockets.

Last week, Guangzhou, the provincial capital, began construction in cooperation with CAS Space, a Beijing-based startup virtually controlled by the Chinese Academy of Sciences, on the country's southernmost production facility for carrier rockets.

The 40 hectare complex in Guangzhou's Nansha district will have an initial annual production capacity of 30 rockets upon the completion of the project's first phase around 2022, CAS Space said in a statement sent to China Daily on Friday.

Yang Yiqiang, a senior rocket scientist and chairman of CAS Space, said that the complex will be capable of designing, manufacturing, assembling and testing both liquid and solid-propellant rockets. It will also welcome other space-related businesses such as those involved in rocket engines, satellites and ground control and tracking, according to him.

The rocket complex project is part of a massive joint effort between the Guangzhou city government and the Chinese Academy of Sciences, the largest scientific body in the country, that aims to establish a 99 square kilometer "science city" in Nansha. The research and industrial base will be home to more than 10 research organizations affiliated with the academy, according to the city government.

Established by scientists and engineers at Chinese Academy of Sciences' Institute of Mechanics in 2018,Yang's company is conducting research and development on a solid-propellant rocket capable of launching a 1.5-metric ton satellite.

Once the new rocket becomes operational, it will be the nation's most powerful solid-fuel launch vehicle, Yang noted, adding that the company has signed agreements of intent about launch service with two satellite makers in Shanghai and Changchun.

Currently, the most powerful solid-propellant rocket in China is the Long March 11 made by the China Academy of Launch Vehicle Technology. It is capable of sending 700 kilograms of payload into a low-Earth orbit or 400 kg into a sun-synchronous orbit 700 kilometers above the ground.

Source: Xinhua News Agency


Related Links
China National Space Agency
The latest information about the Commercial Satellite Industry


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


SPACEMART
First space census launches today
London, UK (SPX) Oct 08, 2020
The first ever UK Space Census was launched this week to survey the diversity of the UK space sector and help inform future space policy. Coming during World Space Week, the 2020 Space Census will collect for the first time anonymous information from space sector professionals to build a comprehensive picture of the UK space job market; covering demographic characteristics from age and gender to race and sexuality. ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SPACEMART
Lighting the path to recycling carbon dioxide

Hungary chlorine gas leak injures 28 at refinery

Inducing plasma in biomass could make biogas easier to produce

Novel photocatalysts can perform solar-driven conversion of CO2 into fuel

SPACEMART
Climate change could mean fewer sunny days for hot regions banking on solar power

Nextracker's optimised bifacial solution selected for Australia's largest solar farm

Blocking vibrations that remove heat could boost efficiency of next-gen solar cells

Multi-institutional team extracts more energy from sunlight with advanced solar panels

SPACEMART
California offshore winds show promise as power source

Offshore wind power now so cheap it could pay money back to consumers

SPACEMART
Renewable player overtakes ExxonMobil in market value

Critics see gap in BlackRock's climate rhetoric and record

HSBC bank aims for zero carbon on investments by 2050

Rising nitrous oxide emissions could put Paris Agreement goals out of reach

SPACEMART
Could megatesla magnetic fields be realized on Earth?

Energy-harvesting plastics pass the acid test

Ecological power storage battery made of vanillin

KIST develops ambient vibration energy harvester with automatic resonance tuning mechanism

SPACEMART
Russian sea pollution forms massive moving slick

Stay-at-home orders cut noise exposure almost in half

Canada to ban single-use plastics such as bags, straws by end of 2021

Russia probes pollution off Pacific coast after 'ecological disaster'

SPACEMART
Protesters end blockade of Sudan port over peace deal

Sudan peace will cost $7.5 billion: finance minister

Development of cost-efficient electrocatalyst for hydrogen production

Sri Lanka indicts skipper of fire-stricken oil tanker

SPACEMART
NASA's Perseverance Rover Will Peer Beneath Mars' Surface

China's Mars probe completes deep-space maneuver

Mars at its biggest and brightest until 2035

Preserved dune fields offer insights into Martian history









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.