At long last, China has its "SpaceX" -- a privately operated Chinese space company with a proven capability to put satellites in orbit.
Last week, Beijing Interstellar Glory Space Technology Ltd. (mercifully abbreviated "iSpace") launched its Hyperbola-1 rocket from Jiuquan Satellite Launch Center in the Gobi Desert, putting an "amateur radio satellite" and three smaller payloads into Low Earth Orbit. Hyperbola is a 68-foot-tall rocket comprising thee solid rocket stages capped with a liquid-fueled fourth stage. It is not reusable, although iSpace is said to be working on reusable technology as well.
Image source: Getty Images.
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