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Private Chinese space company aims to rival SpaceX with a reusable rocket by 2021
https://thenextweb.com/space/2019/10/23/private-chinese-space-company-aims-to-rival-spacex-with-a-reusable-rocket-by-2021/
i-Space, a Bejing-based space company, showed off its reusable rocket, Hyperbola-2, for the first time in public last week. According to reports from the Chinese media, the firm aims to launch it into space in 2021.
The rocket uses liquid oxygen-methane propellants, and its primary stage can be used again for other launches. The company claims this reusability reduces the cost of rocket production by 70 percent.