China's In the Reusable Rocket Race
Future of Cheap Satellite Launches Source: LinkSpace Chinese Startup LinkSpace For the third time in five months, Chinese startup LinkSpace has successfully tested a reusable rocket. Today, the rocket reached nearly 1000 feet and returned to its launchpad in fifty seconds. China is clearly upping its game for cheap satellite launches by deploying reusable rockets. It will cost about $4million to buy space on the LinkSpace rocket as opposed to approximately $30 million on a non-reusable Northrup Grumman rocket. Lots of Satellites The reusable rocket technology is key to getting a piece of what's expected to be a boom in satellite deployments. Services to be provided via satellite include high speed internet for rural areas and airplanes in flight. Elon Musk's SpaceX started the reusable rocket race in 2017 when he began deploying recoverable rockets. Now companies in China, Russia, the US and Europe are trying to develop their own reusable ...