EXPACE Raises $182 Million for Small Satellite Launchers

CASIC Rocket Technology Company, also known as EXPACE, reports that it has raised 1.2 billion yuan ($181.5 million) to develop its Kuaizhou family of satellite launchers, Xinhua reports.

CASIC Rocket Technology Company, based in the central city of Wuhan, said it signed fund raising agreements with eight investment institutions at the Shanghai United Assets and Equity Exchange Monday.

Zhang Di, vice president of China Sanjiang Space Group and chairman of CASIC Rocket Technology, said the original shareholders did not participate in the capital raising.

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Orbital ATK’s Small Satellite Launch Vehicles Facing Increased Competition

A Minotaur V rocket carrying NASA's Lunar Atmosphere and Dust Environment Explorer (LADEE) lifts off from at NASA's Wallops Flight Facility in Virginia on Friday, Sept. 6, 2013. (Credit: NASA/Chris Perry)
A Minotaur V rocket carrying NASA’s Lunar Atmosphere and Dust Environment Explorer (LADEE) lifts off from at NASA’s Wallops Flight Facility in Virginia on Friday, Sept. 6, 2013. (Credit: NASA/Chris Perry)

Recently, there’s been a bit of a kerfuffle over the use of surplus intercontinental ballistic missiles (ICBM) to launch satellites. Orbital ATK would like to lift the ban on using them to launch commercial satellites, the U.S. Air Force would like to find a way to sell the engines, and an emerging commercial launch industry that doesn’t want what it considers government-subsidized competition.

Now, you’ve probably been wondering a few things. What does Orbital ATK do with these engines? What does it launch on them? And what launch vehicles are in operation or in development to compete with these boosters?

Those are all great questions. And now the answers.

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Worldwide Launches Hit 20-Year High in 2014

Orion Exploration Flight Test launch. (Credit: NASA)
Orion Exploration Flight Test launch. (Credit: NASA)

By Douglas Messier
Managing Editor

It was a banner year for launches worldwide in 2014, with the total reaching a 20-year high as Russia and India debuted new launch vehicles, NASA tested its Orion crew spacecraft, China sent a capsule around the moon, and Japan launched a spacecraft to land on an asteroid.

There were a total of 92 orbital launches, the highest number since the 93 launches conducted in 1994. In addition, Russia and India conducted successful suborbital tests of new boosters.

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