Article

2018-05-17 Science & Technology

China launches first rocket designed by a private company

China launched its first privately developed rocket from a launchpad in northwestern China on Thursday, state media said, the latest milestone in the country's ambitious space exploration program.

Since coming to office in 2012, Chinese President Xi Jinping has made becoming a "space flight superpower" a top priority for the Chinese government, which has a goal of sending a permanent manned space station into orbit by around 2022.

The launch of the "Chongqing Liangjiang Star" rocket, developed by OneSpace Technology, a Beijing-based private firm, marks the first time a non-state Chinese rocket has successfully entered orbit, the official Xinhua news agency said.

Posted by g(r)omgoru 2018-05-17 04:05|| || Front Page|| [11138 views ] Top

#1 ...a Beijing-based private firm ROFLMAO ... Private!?! ... LOL ... Gasp, *wheeze*. That wasn't a joke, seriously?

Posted by magpie 2018-05-17 10:25|| 2018-05-17 10:25|| Front Page Top

#2 Where was your phone made?

Posted by Thing From Snowy Mountain 2018-05-17 12:18|| 2018-05-17 12:18|| Front Page Top

#3 Magpie emphasized "private", (not Mother) Thing.

Posted by g(r)omgoru 2018-05-17 13:50|| 2018-05-17 13:50|| Front Page Top

#4 I actually agree with the point Magpie's trying to make, as in I don't think "large technology" companies in China are really private, but they seem to have a balance of private/public ownership that works, unlike the United States, where you theoretically own your company, but (and even more so for a lot of publically traded companies) the law requires you to micromanage everything like a sociopath with amnesia and put everything out to bid and get victimized by the lowest bidder that's best at gaming the system.

So yeah, they're corrupt and authoritarian, and Marx and all that, but for a lot of industrial sectors they're doing better at it than SovietAmerica.Com is.

And SovietAmerica.Com has its own bubble areas. Watch as Elon Musk throws away the fortune he makes from SpaceX while he throws away the chance to make Tesla profitable because he's gong to attempt to make a self-driving car in incremental fashion and then proceed to get the company kicked off of NTSB investigations.

Posted by Thing From Snowy Mountain 2018-05-17 21:34|| 2018-05-17 21:34|| Front Page Top

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