OneSpace, a startup based in Beijing, on Thursday became the country's first private company to launch its own rocket. It said its 9-meter tall OS-X rocket successfully blasted off from a base in northwestern China. Founded in 2015, OneSpace is often likened to Elon Musk's rocket company, SpaceX, a comparison that founder and CEO Shu Chang doesn't shy away from. "No matter how good your story is, what matters is if you have launched a rocket or not. It's the benchmark of a rocket company.

Source: CNN May 16, 2018 13:52 UTC