The new space race: how China plans to break SpaceX’s launch monopoly with IPO push

To challenge the global launch market dominance of Elon Musk’s SpaceX, Beijing is adopting a coordinated, multi-company “wolf-pack” strategy fuelled by recent engineering breakthroughs in reusable rocketry. The milestones come as a wave of aerospace firms push to secure the capital needed to scale operations and capture global market share. According to exchange filings in Shanghai and Hong Kong, at least 15 commercial aerospace companies were now in the pipeline to go public. Among the...

By Themis Qi