Disaster! China funds a Billlion of Dollar on COPY SpaceX Reusable rockets - But FAILED Miserably…

GREAT SPACEX
GREAT SPACEX
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7 Video Views·Jan 7, 2026  #greatspacex #elonmusk #spacex

Disaster! China funds a Billlion of Dollar on COPY SpaceX Reusable rockets - But FAILED Miserably…
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00:00: Intro
00:34: Landspace’s billion-dollar investment
04:15: Long March 10A
07:50: Why can China's rockets fail?
09:53: SpaceX’s dominance
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Disaster! China funds a Billlion of Dollar on COPY SpaceX Reusable rockets - But FAILED Miserably…
Ninety two flights in 2025.
That is the pace China has already reached.
With that momentum, China aims to close the gap with the United States and SpaceX in 2026, especially in the race for reusable launch systems. Billions of dollars are now flowing into new reusable rocket programs to support that push.
But this is where the real challenges begin.
How realistic are these ambitions, and where might they fall short?
Let us explore that question in today’s episode of Great SpaceX.
Disaster! China funds a Billlion of Dollar on COPY SpaceX Reusable rockets - But FAILED Miserably…
The expansion of China’s aerospace industry is undeniable. This is clearly reflected in its achievement of 92 orbital flights, far exceeding the 68 flights recorded in 2024. For context, SpaceX itself did not surpass 90 flights per year until 2023.
This growth is being driven by progress across both state owned launch providers and privately owned commercial companies, and both sectors have ambitious plans extending into 2026.
Let us begin with the private sector.
One of the most prominent examples is Landspace, the company behind the Zhuque rocket family. After successfully launching Zhuque 2 into orbit and deploying its payload in 2024, Landspace proceeded with the debut of Zhuque 3 in late 2025. This vehicle is a powerful SpaceX inspired design that combines elements similar to both Falcon 9 and Starship.
As we observed, Zhuque 3 successfully reached orbit but failed during its landing attempt.
As a result, Landspace will now aim to redesign and improve nearly every aspect of the vehicle. On the very last day of 2025, the company announced its registration for an initial public offering. This application was officially accepted by the Shanghai Stock Exchange STAR Market, as confirmed by Landspace’s IPO status on the regulator’s website.
The move is reportedly intended to raise approximately one billion US dollars, or about 7.5 billion yuan. This funding will be directed toward expanding launch services for reusable rockets, with a specific focus on further development of Zhuque 3.
Disaster! China funds a Billlion of Dollar on COPY SpaceX Reusable rockets - But FAILED Miserably…
The STAR Market is known for its strong emphasis on advanced technology. In the past, participation requirements were extremely strict, particularly for commercial aerospace companies. However, recent changes in Chinese government policy toward the commercial space sector have relaxed these requirements. This has made it easier for companies to build credibility and gain access to public capital markets. As a result, Landspace is not alone. Other firms such as Space Pioneer and Galactic Energy are also planning their own IPOs.

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