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Chinese commercial space company aims to launch space travel in 2027

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      China

      China

      Chinese commercial space company aims to launch space travel in 2027

      2024-11-16 19:41 Last Updated At:20:47

      At the ongoing Airshow China in Zhuhai City, a commercial space company announced plans to launch passengers into suborbital space by 2027, while industry leaders gathered to discuss building a safer and more orderly future for commercial space travel.

      From small cargo spacecraft to reusable rockets, this year's Airshow China offers a glimpse into the dynamic landscape of China's commercial space sector. Among the many exciting advances, space travel has captured public attention.

      "We could make what was once unattainable, or to say, relatively expensive suborbital tourism more affordable by reusing technology, as a way to reduce costs significantly. This will enable us to launch suborbital tourism services by 2027," said Zheng Ze, vice president of Deep Blue Aerospace.

      At the Zhuhai Forum, held on Monday and Tuesday during Airshow China and organized by the China National Space Administration, industry leaders outlined a new framework and introduced the Zhuhai Initiative to foster a safer and more orderly ecosystem for commercial space development.

      "The National Space Administration places great importance on the development of commercial space endeavors. At this commercial space forum, we invited representatives from the government, universities, academia, and domestic and international guests to jointly discuss the development of commercial space. Many commercial space enterprises participating in the forum jointly initiated and signed the Zhuhai Initiative for the development of commercial space," said Zhang Tao, director of the news and publicity Center of China National Space Administration.

      In the next phase, more private companies will be encouraged to export satellites, provide data services, and offer commercial launch solutions to international clients. Chinese commercial space companies are also expected to engage in global public welfare services, according to Zhang.

      The 15th China International Aviation and Aerospace Exhibition, also known as Airshow China, is the largest air show in the country. Held from Nov 12 to 17 in Zhuhai, Guangdong Province, the event showcases an impressive lineup of cutting-edge military hardware while offering a glimpse into the latest achievements in the modernization of the Chinese military.

      Chinese commercial space company aims to launch space travel in 2027

      Chinese commercial space company aims to launch space travel in 2027

      Next Article

      U.S. stocks close lower on Monday

      2025-04-22 05:20 Last Updated At:06:17

      U.S. stock markets ended sharply lower on Monday as economic uncertainties and a looming trade war depressed market sentiment.

      The Dow Jones Industrial Average fell by 971.82 points, or 2.48 percent, to 38,170.41. The Standard and Poor's 500 sank 124.50 points, or 2.36 percent, to 5,158.2. The tech-heavy Nasdaq Composite Index shed 415.55 points, or 2.55 percent, to 15,870.9.

      All of the 11 primary Standard and Poor's 500 sectors ended in red, with consumer discretionary and technology leading the laggards by losing 2.86 percent and 2.72 percent, respectively. Consumer staples posted the smallest loss, down 1.34 percent.

      U.S. stocks close lower on Monday

      U.S. stocks close lower on Monday

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