China's CAS Space IPO: Reusable Rockets & Space Race
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Chinas CAS Space aims for a $607 million IPO on the Shanghai STAR Market, seeking funds for next-gen reusable rockets. Backed by government support, they join firms like LandSpace and GalaxySpace in the race to slash launch costs and build massive satellite networks. Their Kinetica-two rocket recently completed its first flight, as China pushes to bridge the gap with the U.S. in the space race.
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