Chinese space companies could compete with SpaceX — MarketWatch
Chinese companies in the space technology sector are seeking to expand their presence in the global space economy and, according to experts, may soon begin competing with SpaceX. MarketWatch reports.
Satellite technologies
As the publication notes, China aims to develop technologies capable of competing with SpaceX's Starlink satellite system. Chinese players in the space sector are also seeking to strengthen their role in the global space economy market.
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Experts link the acceleration of Chinese development in this field to SpaceX's growth in the rocket launch industry. In their assessment, China is gaining momentum, and local companies may soon begin competing with Elon Musk's company.
Starship preparations
The article comes amid SpaceX's preparations for the first launch of the Starship rocket into orbit. According to MarketWatch, other countries, including China, are also working on their own technologies intended to compete with the American company's developments.
