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The competition heats up: A Chinese company has announced plans to start a new commercial rocket company to compete for the burgeoning space launch market.
China Sanjiang Space Group Co. is preparing to enter the commercial-rocket business with a launch slated for 2017, Xinhua reported Tuesday, citing the company’s chief engineer Hu Shengyun. Some Internet companies have expressed interest in collaborating on commercial launches, Hu said.
The Kuaizhou-11, translated as “fast vessel,” rocket is being developed by the Fourth Academy of China Aerospace Science & Industry Corp., a major missile supplier to the People’s Liberation Army, according to China Daily.
There is not much information at the link. The rocket was first launched in 2013, but not much has been revealed about it since.