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.

read more: https://spacenews.com/chinese-launch-startup-cosmoleap-secures-funding-for-rocket-featuring-chopstick-recovery-system/

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