Chinese pseudo-company experiences launch failure
The Chinese pseudo-company Galactic Energy last night experienced the first launch failure of its solid-fueled Cere-1 rocket, launching from the Jiuquan spaceport in the northwest of China.
No details about the failure were released, including where in China the rocket crashed. The rocket has four stages, and is derived from Chinese missile technology. This was its tenth launch, and first failure.
Like all of China’s pseudo-companies, Galactic Energy obtains investment capital and then competes for government or commercial contracts. It is not a real company in that the government has closely supervised and controlled it (especially because of its dependence on missile designs), and can take it over at any time.
The Chinese pseudo-company Galactic Energy last night experienced the first launch failure of its solid-fueled Cere-1 rocket, launching from the Jiuquan spaceport in the northwest of China.
No details about the failure were released, including where in China the rocket crashed. The rocket has four stages, and is derived from Chinese missile technology. This was its tenth launch, and first failure.
Like all of China’s pseudo-companies, Galactic Energy obtains investment capital and then competes for government or commercial contracts. It is not a real company in that the government has closely supervised and controlled it (especially because of its dependence on missile designs), and can take it over at any time.