#Orienspace Rocket

Now, there’s another company that wants to enter the race, which is Orienspace (Oriental Space) from China. [caption id="attachment_307889" align="alignnone" width="720"] Image | Orienspace[/caption] A round of investment amounting to 400 Million CNY (around 59.8 million USD) was received by Oriental Space (Shandong) Technology Co., Ltd. The surreal amount will be used for RND (research and development) and for launching the medium-class orbital launch vehicle called ‘Gravity-1’, based on the WeChat article of Orienspace. ’Moreover, the fund will be used to hasten the development of a 100-ton reusable liquid oxygen and kerosene rocket engine. With regards to this, they’re targeting the first launching of the rocket by mid-2023, aiming to participate in ‘global commercial space launches’. [caption id="attachment_307890" align="alignnone" width="720"] Image | Orienspace[/caption] " The white paper "2021 China's Aerospace" clearly points out that the development of commercial aerospace is encouraged and guided. Read more in our articles including "Orienspace from China joins space race" and "OpenAI unveils GPT-5.6 with Sol, Terra, Luna AI models".