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LandSpace Technology Corporation
LandSpace Technology Corporation (doing business as LandSpace) is a Chinese commercial space launch provider based in Beijing. It was founded in 2015 by Zhang Changwu. In July 2023, the company's Zhuque-2 rocket became the world's first methane-fueled launch vehicle to reach orbit after its successful second flight. LandSpace plans to conduct three Zhuque-2 launches in 2024 and six in 2025. History Landspace Technology Corporation was established in 2015, after a Chinese government policy change in 2014 that allowed private capital into the space industry. Since its founding, the company has established several aerospace infrastructure sites in Zhejiang, including a $1.5 billion medium and large-scale liquid rocket assembly and test plant in Jiaxing and an intelligent manufacturing base in Huzhou. LandSpace developed its first launch vehicle Zhuque-1, powered by Solid-propellant rocket, solid-propellant motors. Zhuque-1 was launched on 27 October 2018, however the payload fa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
