China's Shanghai Stock Exchange Boosts Reusable Rocket Race

Chinese companies, particularly private rocket maker LandSpace, receive a significant boost from the Shanghai Stock Exchanges new fast lane for IPOs on the STAR market. This move allows these firms to bypass traditional financial rules, instead requiring just one successful orbital launch using reusable rocket technology. The goal is to catch up with the U.S. in the reusable rocket race, with China aiming to build networks of tens of thousands of satellites. The new guidelines, which prioritize state-owned and private players, could fuel a wave of funding for this strategic push.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.