China’s growing space industry is soon going to rival the United States

China’s space program has been sluggish due to the pandemic that actualized last year. Some of the country’s mega space events include deploying a spacecraft to Mars, retrieving moon samples, and the test flights for the crewed vehicle taking taikonauts to the Moon in the future. However, other mega milestones might have gone unnoticed. These events include the deployment of the Ceres-1 rocket that can carry 770 pounds of payload to the low-Earth orbit. This mission launched the Tianqi 11 satellite into space.

Initially, the Ceres-1 launch appeared to be a standard launch. However, the Ceres-1 rocket was assembled by the private sector and not the national program. The commercial rocket was the second by a Chinese company to enter space. This launch became noticeable because the company started operation three years ago. The launch proved that China is on the quest to take over the leadership of space activities. The competition between the US and China in space operations is because China has been advancing rapidly into these activities and keeping its missions confidential until they have succeeded. This Chinese characteristic has made the US install espionage devices to monitor the country’s progress and sometimes accusing China of deploying weaponized spacecraft to space.

Lincoln Hines, a Cornell University researcher, stated that the country has ambitious projects, including the Moon’s mission and developing a space station to serve the needs of the country. However, the researcher noted that the country is not focusing on technological advancement to meet the market’s demands. The Chinese government is hopeful that the private space industry can advance to meet the consumer needs that the state has failed to offer. Some of the space customers’ requirements include the regular deployment of rockets and satellites’ introduction into space.

A report submitted by Bank of America Merrill Lynch projects the Chinese space industry to reach a notable value of $2.7 trillion by the end of this decade. This value would imply that the country sends its taikonauts to the Moon and prepare them for Mars exploration. The spokesperson of Galactic Energy, Wu Yue, stated that the country would soon have its constellation of satellites in space. China is planning to recuperate from the years it lost its touch as a space explorer. The country has been developing programs to revamp its position in space operations and compete with the West’s standards.