Insta
OneSpace: China Seems Eager To Follow American Example Of Private Space Companies
Swarajya Staff
May 20, 2018, 03:37 PM | Updated 03:37 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
OneSpace, a startup based in Beijing, became China’s first private company to launch a rocket earlier this week, triggering a race in the country’s burgeoning commercial aeronautics and space industry.
The company hopes to become one of the biggest small-satellite launchers in the world and is planning perform as many as 10 major launches next year.
The founder and Chief Executive Officer of SpaceOne, Shu Chang, does not shy away from a comparison with Elon Musk's SpaceX.
"OneSpace's situation right now is very much like where SpaceX stood in its early years. SpaceX is the first in the US. We're the first in China," he told CNNMoney in an interview ahead of the launch.
However, the company is still a long way from matching SpaceX’s achievements. Its first rocket is just 30 feet tall and can only carry about 220 pounds into orbit. In comparison, SpaceX’s first rocket, the Falcon 1, is 230 feet tall and has a lift capacity of more than 50,000 pounds. But Shu contends that “this is the first rocket developed and built entirely with homegrown technology” and the company plans to build rockets capable of lifting larger satellites and humans into space.
The company appears to be emulating SpaceX by following the ‘privately-run and government-funded’ model. Musk’s SpaceX, in its initial journey, had benefited greatly from contracts given by the state-run National Aeronautics and Space Administration. SpaceOne too is said to have been funded by China’s State Administration for Science, Technology and Industry for National Defense. China’s state-owned Aviation Industry Corporation reportedly bore the cost of the first flight.
But even as private space firms in China get ready to snap at the heels of their dominant American rivals, it remains unclear if players in the US and Europe would ever be able to avail their services. The strict control in the west on export of satellites, which were until few years ago classified as weapons, could limit the access for Chines firms to the industry estimated to be worth about $339 billion.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.