China is planning to set up the country’s first commercial rocket development and launch company.
Space technology enterprise China Sanjiang Space Group (CSSG) chief model designer Hu Shengyun said that the company would conduct a commercial launch of its new Kuaizhou-11 carrier rocket next year, reports Xinhua.
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Hu further stated that CSSG is expecting to establish a separate company in order to commercialise the Kuaizhou series.
The Kuaizhou-2 solid-fuelled rocket is capable of delivering a 1t payload into a sun-synchronous orbit at an altitude of 700km and requires little time for pre-launch preparations.
The rocket can also be launched on rough terrain, reports Crienglish.com.
The company is said to have gained attention from certain internet companies on its commercial launch plan.
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By GlobalDataBased in central China’s Hubei province, CSSG launched Kuaizhou-1 and Kuaizhou-2 solid-fuelled carrier rockets in 2013 and 2014 respectively.
Hu said: "Commercialisation can help us make our mark in the market, as it will reduce the cost in satellite development and launch services."
