# Chinese Startup Successfully Lands Reusable Rocket for First Time LandSpace's achievement marks a significant step in China's challenge to SpaceX's dominance. - **Source:** [NYT > Science](https://brifing.si/source/794f9fbd-c10f-44d6-932d-9039af67922c) - **Published:** 2026-08-19 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/a8f09000-50a6-4a99-b9df-8a614f9e83ca ## Historic Achievement Chinese private space company LandSpace has successfully landed a reusable rocket for the first time. This milestone was achieved with the Zhuque-2 rocket, which reached an altitude of 100 km before making a controlled landing. LandSpace aims to significantly reduce the costs of space missions with this technology. The successful landing demonstrates the company's rapid progress in reusable rocket development. ## Challenging SpaceX LandSpace's success shows China's potential to compete in the reusable rocket market dominated by SpaceX. SpaceX currently leads the sector with its Falcon 9 rockets. However, China's state-backed private companies have been making significant strides in the space race. Despite being founded in 2015, LandSpace has shown remarkable growth and technological advancement in a short time. ## Technological Breakthrough Reusable rocket technology has revolutionized the space industry, potentially reducing costs by 30-50%. LandSpace's Zhuque-2 rocket uses methane-fueled engines, offering a cleaner and more efficient alternative. The company plans to develop a fully reusable rocket by 2025. This technological leap could position China as a major player in the commercial space sector. ## China's Space Ambitions China has set ambitious space goals in recent years, aiming to compete with the US by 2030. Private companies like LandSpace are crucial to this strategy. The Chinese government provides funding and infrastructure support to these companies. This support enables rapid technological advancements and helps China establish itself as a space power. ## Global Space Market The global space market is expected to exceed $1 trillion by 2030. Reusable rockets are a key component of this market. While SpaceX currently controls over 60% of the market, Chinese companies are vying for dominance in Asia. LandSpace plans to conduct more than 10 launches in the coming years, signaling its growing presence in the industry. ## Investor Confidence LandSpace has raised over $1 billion in funding, with its valuation surpassing $3 billion in recent rounds. Investors are bullish on China's space industry growth potential. The company has announced plans for an IPO in 2024, which could fuel more aggressive expansion. This financial backing underscores the market's belief in LandSpace's long-term potential. ## Future Competition Competition in the space industry is intensifying. Besides SpaceX, companies like Blue Origin and Rocket Lab are developing reusable rockets. In China, LandSpace faces competition from iSpace and Galactic Energy. This rivalry is driving faster technological progress. Lower costs will make space more accessible, benefiting the entire industry. ## Democratizing Space LandSpace's achievement could contribute to the democratization of space. Reusable rockets lower mission costs, enabling more countries and companies to enter the sector. China's successes are accelerating the global space race. Space is no longer just the domain of governments but has become a key arena for private enterprises as well. ## Sources covering this story - https://www.nytimes.com/2026/08/19/world/asia/china-rocket-first-stage-recovery-land.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._