China’s Landspace Technology May Be SpaceX Competition

By Douglas A. McIntyre Updated Jan 12, 3:50PM EST · Published Jan 16, 6:44AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

China’s Landspace Technology May Be SpaceX Competition — © SpaceX

SpaceX two-stage Falcon rocket launched 10 satellites and then its first stage section returned to earth. At this point, it would appear the company has no worth competitors. This may not be entirely true. China’s Landspace Technology will soon launch a satellite for Danish company Gomspace. The launch will not happen until 2018, and there is no guarantee it will not explode either on the platform or in flight.

The People’s Daily reports:

Landspace CEO Zhang Changwu said his company could not have won recognition from the overseas client without decades of efforts by Chinese workers in the aerospace industry, which has been developing for 60 years.

The total value of the global aerospace market could hit 485 billion U.S. dollars by 2020, according to market estimates, with the market value in China alone reaching 800 billion yuan (116 billion U.S. dollars) during the 2016-2020 period.

If China follows earlier practices in the realm of technology, it may favor a company owned and operated by a local company. This could block SpaceX and other international satellite rocket firms from establishing a foot hold there . China is already well down the road of manned flight, another SpaceX target. The nation put two astronauts in space late last year with a Long March rocket. From there, they moved into the Tiangong-2 space station. They later returned to earth safely

[nativounit]

SpaceX is not the only U.S. company which faces competition from Landspace Technology. Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have a project which competes with SpaceX.

As is true with many other products and services, China may be the largest market for everything from aircraft to electric cars. In the meantime, competition in the rocket business should be anxious about the future of Landspace Technology.

[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.