The project is in early trial stages and aims to develop a rocket that can carry up to ten tons of cargo in a 120 cubic-meter container, Space Epoch said.
The logo of Alibaba's e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/IllustrationSHENZHEN, China, March 31 - Chinese rocket maker Space Epoch is working with Alibaba's online shopping platform Taobao to make reusable rockets for express deliveries that could arrive globally in an hour, Space Epoch announced on Sunday.
The project is in early trial stages and aims to develop a rocket that can carry up to ten tons of cargo in a 120 cubic metre container, Space Epoch said in a notice posted on its official WeChat social media account. Beijing-based Space Epoch is looking to use its 'Yuanxing-1' rocket, which completed ignition and offshore recovery tests last year.
The company will carry out rocket delivery tests in the near future, noting that achieving its goals will not be easy in the short term.of strategic industries including the commercial space sector, deemed key to building constellations of satellites for communications, remote sensing and navigation.
Last year saw 17 Chinese commercial launches with one failure, among a new record 67 orbital launches by China. That was up from 10 commercial launches in 2022, including two failures.Mutual fund firm T. Rowe Price , which owns roughly 11.7 million shares in Walt Disney , said it has voted for the entertainment giant's directors, dealing a blow to activist hedge funds Trian Fund Management and Blackwells Capital as they seek board seats.
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