OneSpace Technology, a Beijing based space exploration startup just launched its 30ft rocket dubbed The “Chongqing Liangjiang Star” marking it the first occurrence of a non-government body launching a commercial vehicle to space, The rocket took off from a Northwestern Chinese base with a blast on a mission to deliver a small satellite to space which will be used for research the startup is working to further its space exploration missions.

OneSpace built the rocket entirely using Chinese technology and made its launch as cheap as possible through the use of innovative but less expensive systems such as wireless communication through the internet which costs 30% in comparison with the use of wired internet systems which adds more weight to the rocket and greatly increases the cost of launch.

This comes as the company has raised a total of $78 million for its operations, A sum which seems huge for other industries but not in the expensive world of space exploration although all this work currently leads to a common goal of making the space industry costs way cheaper than it is now which decreases the barrier of entry, encouraging more startups and hugely boosting innovation in the process.

The company plans to complete ten missions next year and ultimately grow into one of the biggest small satellite launchers in the world, also aiming to be a SpaceX mega competitor in the industry.

China has now seen a slew of startups launching into the commercial space industry since 4 years ago when restrictions concerning the space industry in China were loosened in order to boost up innovation and make the nation a super player in the commercial rocket industry.

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