Beijing start - up LinkSpace aims to accelerate its development of reusable rockets after a third successful test of its RLV - T5 . In a 50-second flight , the rocket reached 150 metres before landing , and ultimately aims to launch its next - generation RLV - T16 as high as 150 km next year . China is among the nations racing to develop cheaper launch rockets to facilitate the placement of commercial satellite constellations . LinkSpace has said its reusable launches would cost at most CNY30 m ( $ 4.25 million ) , a fraction of the $ 25 m to $ 30 m charged by US rival Northrop ##pace .
Beijing start-up LinkSpace aims to accelerate its development of reusable rockets after a third successful test of its RLV-T5. In a 50-second flight, the rocket reached 300 metres before landing, and LinkSpace aims to send its next-generation RLV-T16 as high as 150 km next year. China is among the nations racing to develop cheaper launch rockets to facilitate the placement of commercial satellite constellations. LinkSpace has said its reusable launches would cost at most CNY30m ($4.25m), a fraction of the $25m to $30m charged by US rival Northrop Grumman.