LandSpace Technology Prepares for Key Commercial Test of Zhuque-2 Rocket

Beijing-based private space company, LandSpace Technology, is preparing for a significant leap in its ambitions with the imminent launch of satellite payloads using its Zhuque-2 rocket, fueled by methane and liquid oxygen. The rocket has been transferred to the launch area at the Jiuquan Satellite Launch Center, located in the Gobi Desert's Inner Mongolia. This mission, labeled Y-3, is a critical step in the company's strategy to validate the Zhuque-2's operational capabilities.

LandSpace's Steady Progress

The Y-3 mission follows the company's two previous tests, Y-1 and Y-2, as LandSpace continues to refine and validate its innovative rocket technology. Should the Zhuque-2 be validated, the company plans on offering approximately three launches in 2024, with a potential doubling of that figure in 2025. This places LandSpace at the forefront of China's rapidly growing commercial space sector.

A Pioneer in China's Commercial Space Sector

LandSpace, established in 2015, has emerged as a leading player in China's commercial space sector, which has been gaining momentum since the government opened the industry to private investment in 2014. The company has secured substantial funding from various investors, including Sequoia Capital China and the China SME Development Fund. Its most recent fundraising effort in 2020 yielded 1.2 billion yuan ($168.14 million).

Competing on the Global Stage

LandSpace's success is contributing to the intensifying international space race. The company's CEO, Zhang Changwu, has indicated that in line with LandSpace's long-term vision, the company is developing reusable rockets, with a test launch planned for the second half of 2025. This places LandSpace in direct competition with global space firms such as SpaceX and Blue Origin. Recent launches and developments from countries and companies such as South Korea, North Korea, Amazon, and SpaceX highlight the escalating pace of this race.

The post LandSpace Technology Prepares for Key Commercial Test of Zhuque-2 Rocket appeared first on BNN Breaking.