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Markets · Investing · Business
Finance
China Just Copied the SpaceX Falcon 9. Should SpaceX Investors Worry?
SpaceX's Falcon 9 is no longer unique -- but Starship soon will be.
The second time was the charm for China -- almost.
On Wednesday last week, Aug. 19, China's LandSpace launched a ZhuQue-3 rocket on its second attempt to make the rocket "reusable." The ZhuQue-3 launched successfully, reached orbital velocity, and deposited a customer's satellite into orbit with its second stage. The rocket's first stage then initiated a reentry burn, returned to Earth, and landed -- just like a SpaceX Falcon 9.
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