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Elon Musk's SpaceX Can Be Beaten By 2030, Says Chinese Rival As Xi Jinping Bets Big On Reusable Rockets

Benzinga LogoBenzinga3d ago

Elon Musk's SpaceX Can Be Beaten By 2030, Says Chinese Rival As Xi Jinping Bets Big On Reusable Rockets - Benzinga

Quick Summary:

As SpaceX continues to dominate the global space race, Chinese startups are accelerating efforts to catch up—with backing from President Xi Jinping and bold predictions that they'll surpass Elon Musk's company by 2030.

Deep Blue Aerospace, founded by a former state-owned rocket engineer, plans to test a reusable booster this year and aims to launch space tourism flights by 2027, selling tickets for over $100,000 each.

What Happened: At least six reusable Chinese rockets are expected to launch this year, signaling a turning point for China's commercial space sector, reported the Wall Street Journal.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 02:54:13 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27267041

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 15 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #53

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