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Chinese launch startup Cosmoleap secures funding for rocket featuring chopstick recovery system
Chinese launch company Cosmoleap has raised over 100 million yuan ($14 million) to develop its Yueqian reusable rocket and a recovery system modeled after SpaceX’s technology.
Founded in March 2024, Cosmoleap aims to create low-cost, reliable launch vehicles to support satellite Internet, particularly for China’s megaconstellation plans.
The company plans its first test flight of the Yueqian rocket, a methane-fueled vehicle, by 2025 or 2026.
With a payload capacity of up to 10,460 kg for expendable launches, the rocket will use a tower and “chopstick” landing method.
Cosmoleap also plans a larger 126-meter rocket by 2030, Space News has reported.
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