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Investing.com -- Chinese private rocket company, Space Epoch, announced on Thursday that it had successfully conducted a flight recovery test for its Yuanxingzhe-1 verification rocket. This marks a significant development in China’s efforts to create its own reusable rocket technology, a segment currently dominated by U.S. firm SpaceX’s Falcon 9.
Space Epoch, also known as SEPOCH, is based in Beijing. The company launched its Yuanxingzhe-1 rocket at 4:40 a.m from China’s first sea-based space launch center, located off the coast of the eastern province of Shandong.
According to a video posted on Space Epoch’s WeChat account, the rocket ascended, briefly shutting down its engines at the peak of its trajectory. The engines then reignited as the rocket began its vertical descent, entering the Yellow (OTC:YELLQ) Sea in a circle of fire.
Space Epoch stated, "The success of this flight recovery test is a major breakthrough in the development process of liquid reusable rockets." The flight of the Yuanxingzhe-1 lasted 125 seconds and reached a height of approximately 2.5 km (1.6 miles).
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