China’s 1st private rocket fails after launch

China's ZQ-1 rocket

China's ZQ-1 rocket

"Before the Zhuque carrier rocket was launched, its mission was already completed", the company said in a cryptic post.

Chinese company's first attempt to launch private rocket fails.

Rocket ZQ-1 was produced by a private company LandSpace Technology Corporation and is the first Chinese commercial launch vehicle.

The rocket was supposed to deliver the satellite Wali for China Central television.

30 rocket launches have been conducted in China this year, with Landspace's Zhuque-1 mission being the first failure in the country since July 2017.

The solid-fueled, three-stage Zhuque 1 rocket launched from the Jiuquan space center in the Gobi Desert at 4 a.m. EDT on October 27. "We will carry on with our dream for vast space". The rocket is created to put a payload up to 440 lbs (200 kg) into orbit 310 miles (500 km) from Earth's surface.

It took off from Jiuquan Satellite Launch Center in north west China on Saturday.

The 19-meter-tall, 1.3-meter-diameter, Zhuque-1 reportedly cost around $14 million to develop. LandSpace was founded in 2015, and until now has been the most progressive player in China's private space industry.

Since coming to office in 2012, President Xi Jinping has made becoming a "space flight superpower" a priority for the government, which has a goal of sending a permanent manned space station into orbit by around 2022.

The exact details of the launch and why the rocket failed in its third stage are not yet fully known.

At least ten Chinese companies are making their own launch rockets.

Landspace would have been the first first private licensed company to send a rocket into outer space, the South African Times reported.

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