Commercial Space

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China's commercial space company CAS Space successfully debuted its Kinetica 2 carrier rocket on Monday, launching from the Jiuquan Satellite Launch Center and placing the New March 02 experimental cargo spaceship and two satellites into preset orbits. The mission marks the first use of a commercial rocket in China's manned space program.

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The era of commercial space stations is set to begin in 2026, as private companies prepare to launch their own orbital outposts following the planned retirement of the International Space Station. These ventures aim to fill the gap left by the ISS and foster a new economy in low Earth orbit. Experts anticipate innovation and cost reductions driven by competition among providers.

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