China’s Commercial Space Sector Continues to Expand
- CAS Space completes fourth solid rocket launch with Kinetica-1
- Five satellites sent into orbit from Jiuquan Satellite Launch Center
- Two radar imaging satellites, two meteorology satellites on board
- Sun-synchronous orbits achieved for the satellites
- CAS Space and CGST spinoffs of Chinese Academy of Sciences
- Company developing reusable liquid propellant rocket for suborbital tourism
CAS Space, a Chinese commercial rocket maker, has successfully launched five satellites into orbit using its Kinetica-1 solid rocket. The launch took place on September 24 from the Jiuquan Satellite Launch Center and included two radar imaging satellites (CAS-01 and CAS-02), an X-band radar imaging satellite for Changguang Satellite Technology, and two meteorology satellites (Yunyao-1 21 and 22) with GNSS occultation payloads. The sun-synchronous orbits were achieved at altitudes of around 328 by 316 miles (528 by 508 kilometers. CAS Space and Changguang Satellite Technology are spinoffs from the Chinese Academy of Sciences, contributing to China’s growing commercial space sector. The company is also developing a reusable liquid propellant rocket for suborbital tourism.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the Chinese rocket launch, the satellites involved, and the company’s plans for future projects. It also includes relevant details about China’s space program and other related news.
Noise Level: 3
Noise Justification: The article provides relevant information about the Chinese rocket launch and its payload, as well as updates on China’s space program. It also mentions future plans for CAS Space. However, it does not contain any irrelevant or misleading information, nor does it dive into unrelated territories.
Private Companies: CAS Space,Changguang Satellite Technology,Tianjin Yunyao Aerospace Technology Co., Ltd.,Galactic Energy,Expace
Key People:
Financial Relevance: Yes
Financial Markets Impacted: Chinese commercial space sector
Financial Rating Justification: The article discusses the successful launch of a Chinese rocket carrying five satellites, which is related to the growth and development of China’s commercial space sector. This can have an impact on financial markets as it showcases advancements in the industry and could potentially influence investments and stock prices of companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Small
Affected Instruments: Stocks
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