Afghanistan, Dec. 29 -- China's private rocket firm LandSpace is preparing to challenge SpaceX in the global reusable rocket market, aiming to boost China's commercial space ambitions and satellite capabilities.
Beijing-based LandSpace conducted the maiden flight of its Zhuque-3 reusable rocket earlier this month, though the test ended in failure, marking the first such attempt by a Chinese private company.
Chief designer Dai Zheng said the company aims to offer a low-cost alternative for satellite launches, similar to SpaceX's Falcon 9, supporting China's goal to deploy 10,000 satellites in coming decades.
The company has opened its engine factory to the media and is preparing for fundraising and a potential IPO to finance future projec...