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China's rocket startups going smallDuring initial tests of their 8.1-meter-tall reusable rocket, Chinese engineers from LinkSpace, a startup led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return. The 1.5-ton rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old Chief Executive Hu Zhenyu and his engineers, one of whom cartwheeled his way to the launch pad in delight.No private company in China has done that yet.Despite LandSpace's failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.At least 35 private Chinese companies are working to produce more satellites.The company has only launched 12 on state-produced rockets since the company started operating in early 2016 .
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