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China to launch space tourism by 2025, industry veteran claims

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In Science and Space: Says Beijing could match US capabilities within a decade, thanks to a private sector boom
China’s space tourism operators will take off for the first time in 2025 with prices ranging from $280,000 to $400,000 per seat in suborbital orbit, according to Yang Yiqiang, founder of the launch service provider. commercial CAS Space backed by Beijing.…

According to Yang, China’s commercial aerospace has entered the 2.0 era, driven by applications and market forces, since the 1.0 era includes basic production and research and development. He hopes Chinese industry will enter the “3.0 era” within five years, in which private companies like him will have to increase the payload of their rockets from 5 to 14 tons, building a constellation of satellites. global planet, figure out how to reuse it. rocket and reduce costs.

Yang, who was the general manager of the Long rocket program in March 2018, a year in which the vehicle was launched three times, also told state media that China’s space capabilities will catch up with the US. within a decade.

Yang believes the industry will “bloom” in 2027, after developing the aforementioned capabilities. Yang said China will also need to develop a commercial business model for space missions, as well as shared public and private services related to navigation, positioning, remote sensing and internet in orbit. short. Yang said China’s space industry can access enough capital for rockets and satellites, adding that companies have the ability to develop viable technologies and sustainable space businesses. firmly appeared. In fact, Yang believes that “continuing capital inflows will cause internal friction among these companies” and emphasizes the need for new investments to focus on upstream supply chains, such as engines and components, and downstream applications such as navigation and remote sensing.

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Yang, however, told Global Times that “it is crucial that commercial space evolve towards globalization in the future” and that China’s space industry should “increase their sensitivity to the international market” while developing global industry standards that support Beijing’s objectives, including the Belt and Road Initiative.

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