The second orbital launch attempt for a private Chinese company has failed. OneSpace Tech’s OS-M Chongqing launch vehicle was attempting to orbit the small Lingque-1B technology demonstration satellite from the Jiuquan Satellite Launch Center. The launch took place at 09:32 UTC but failed shortly after entering second stage flight.
In 2014 China began encouraging private capital in the satellite and spaceflight industries, and in 2015 President Xi upgraded “Military and Civilian Integration” to a national strategic level and in the meantime, the Chinese government began to solicit opinions about legislation of commercial space industry.
Policies for Chinese commercial space industry was then opened gradually, and private capital began to enter into this specific area, which raised a new development trend of the commercial space industry.
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One Space Tech was founded in August 2015 with three main business sectors starting with the development of the M-series commercial launch vehicle to provide high-frequency, cost-effective, and high-quality launch service to small and micro satellite customers.
The development of the X-series flight test platform provides customized solutions for scientific research and transportation; and the development of electrical and propellant products provides support ...