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Chinese private firm launches first space rocket

Beijing (AFP) May 17, 2018

A suborbital rocket was launched into space Thursday by a start-up in China’s burgeoning commercial aeronautics industry, as private firms snap at the heels of their dominant American rivals.

OneSpace, the Beijing-based company behind the launch, is one of dozens of Chinese rivals jostling for a slice of the global space industry, estimated to be worth about $339 billion by Bank of America M