Is This Chinese Company the Next SpaceX?

Is This Chinese Company the Next SpaceX?

You'll never guess where the latest challenge to SpaceX is coming from. Well ... unless you read the title up above. Okay, I guess I should come right out and say it: It's China.

Earlier this month, a previously unheard-of space company by the name of Link Space Aerospace Technology Inc. made its grand entrance onto the "new space" stage, publishing a presentation describing its plan to develop a reusable "New Line-1" rocketship mimicking SpaceX's Falcon 9. But what is Link Space exactly, and how does it plan to challenge Elon Musk and his Amazing Rocket Factory?

Link Space has a business model. It's got a rocket. But can it win the race to space? Image source: Link Space.

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Source: Fool.com