The company, which is also known as Beijing Blue Arrow Space Technology, is planning on completing ground tests for the medium-sized liquid oxygen methane rocket in 2019. First flights are expected to take place in 2020, Asia Times reported Monday. © AP Photo / Aijaz RahiIndian Space Agency to Teach Foreign Students How to Build Satellites According to Chinese news source Yicai, the rocket is the largest private carrier rocket in China. Other rocket companies, such as Elon Musk's SpaceX and Jeff Bezos' Blue Origin, are also planning to eventually launch liquid oxygen methane rockets, Yicai reported this weekend. According to Blue Arrow Aerospace CEO Zhang Changwu, the Suzaku No. 2 rocket's launch capacity is greater than that of SpaceX's Falcon 9. The Suzaku will be able to engage in space station missions, deep space exploration and moon landings. © Photo : Wikipedia/NASARussia to Deliver US … [Read more...] about Chinese Space Company Planning Launch of Largest Privately Owned Liquid Rocket
The office investor Globalworth has signed a lease agreement with Mindspace, company specialized in creating creative co-working spaces. The company will open its first locations in Romania in three of the Globalworth buildings on an area of approximately 12,000 square meters of the Globalworth Campus, City Offices and Bucharest Tower Center in Bucharest. Moreover, as part of this collaboration, Globalworth will become Mindspace’s shareholder by investing USD 10 million in the company. “The partnership with Mindspace is already a tradition. The company is currently operating spaces in our Koszyki Hall in Warsaw, Poland, and today we are expanding our collaboration in Romania, by bringing Mindspace into our buildings, we can respond to a wider universe potential tenants and their changing needs Mindspace offers the best solutions for flexible office spaces that match the quality and high level of service that Globalworth offers to its … [Read more...] about Globalworth invests USD 10 million in creative co-working spaces company Mindspace and brings it to its Bucharest office buildings
Russian spacecraft manufacturer Energia is developing an electric propulsion rocket engine which runs on ‘pure’ iodine. The new thruster can make rockets smaller, lighter and cheaper. Engineers have patented a method of using iodine for electric-powered spacecraft propulsion, the Energia Space and Rocket Corporation said on Thursday. The company, based in the Moscow region, is the nation’s main builder of space rockets and components for the International Space Station (ISS). It said the idea to use ‘pure’ iodine for space exploration was first proposed in the 90s, but thorough research started only several years ago. READ MORE: Russian space corporation boss announces switch to new generation carrier rockets Solid iodine is easy to store, can be quickly converted into gas, and is cost-effective, compared to xenon which typically serves as propellant in electric-powered propulsion engines. Switching to iodine can potentially make the process … [Read more...] about ‘Ten times cheaper’: Russian space company testing iodine rocket engine
While certain rare resources lie buried deep beneath areas of the Earth that are difficult to access, most of them lie attractively close to the surface in areas located beyond our planet — in space, or to be precise, inside asteroids. Still, neither private companies nor government agencies have made any attempts at mining them. The magazine Physics World has asked several prominent figures in the sphere to find out why. It turns out that several private companies already exist with the goal to make a breakthrough in the mining industry, such as Planetary Resources or Deep Space Industries. All they lack is funding, or to be specific, their investors lack faith in such undertakings. The magazine's article points out that indeed, the costs of organizing a mining operation on an asteroid is higher than the cost of doing the same on Earth, … [Read more...] about What Prevents Space Companies From Mining Asteroids for Rare Minerals?
THE dynamism of North-East firms sets them apart from other UK companies in the space sector, according to a national industry leader. Stuart Martin, chief executive of the Satellite Applications Catapult, was one of several speakers from across the UK who was in Durham today (Thursday, March 22) for the Discover the Possibilities space conference, designed to help businesses capitalise on the growing, multi-million pound space sector. Mr Martin said: “North East companies are very dynamic and driven in finding new ways of using space technology. "And, while there are a growing number of space companies, it’s the non-space companies and their willingness and readiness to look for new technologies and ways of differentiating themselves in their own marketplace that we see as particularly strong here - and that’s what will help generate growth. “Our role is to grow the market for space-based services and make sure the UK is at the forefront of … [Read more...] about ‘Dynamism’ puts North-East firms ahead of space rivals’