It was a moment in history as the Falcon Heavy rocket launched from the Kennedy Space Center. Photo: SpaceX

With the spectacular launch success of SpaceX’s Falcon Heavy rocket, Shu Chang, CEO of One Space, a Beijing-based private aerospace technology firm, is hoping it will encourage more entrepreneurs and investors to venture into the industry, National Business Daily reported.

According to Shu, the scale of investment in commercial aerospace in China is still incomparable to that of other countries. For example, One Space has received about 500 million yuan (US$79.02 million) in financing. However, recent financing by some foreign aerospace firms has amounted to several billion US.

But Shu also believes that the future development of Chinese commercial aerospace is worth the investment, as the industry benefits from good technical support, a fair policy environment and solid market capacity.

Chinese aerospace firms also enjoy a certain competitive advantage in launch costs. According to Shu, the international public quotation is more than US$30,000 per kilogram. While the domestic launch cost is about US$20,000 to 30,000 per kilogram.

One Space can squeeze the cost of launching micro-satellites to about US$10,000, Shu added.

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