China’s Private Rockets Are on the Up and Up
Although a private Chinese firm failed this month in its first attempt to send a payload into orbit, don’t get used to such flubs. Currently China ranks fourth in private space investment — and it’s the fastest-growing market in the world. State support, often critical for private success in China, looks readily available as President Xi Jinping’s government shares military tech and access to facilities. No single Chinese firm rivals SpaceX just yet, but as companies expand into new aerospace market segments, they’ll be competing sooner rather than later.