08 August 2018
OneSpace Technology CEO Shu Chang led the employees at OneSpace-the first private enterprise in China licensed to design and make carrier rockets-in the successful production of a small rocket launched in mid-May. The success generated a wave of media reports about Shu and his company, with many articles calling the Beijing startup China's answer to SpaceX. Shu said he does not fear rivals in the industry and hopes that more private companies join the field. "The more players involved in this sphere, the better and healthier the market is likely to become," he said. "I look forward to seeing more participation from private firms." The only advice he would give to peers is that "they carefully consider their development paths and profitability". However, he said only two or three private Chinese rocket enterprises will survive the next five years of fierce competition in the market, and he is sure OneSpace will be among them. "Of course, OneSpace will not fall down, because we have a united team, advanced technologies and good products," he said. "We will definitely thrive in this field in the coming 20 years."
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