Japan’s space agency says it hopes to forge a profitable launch business with its new H3 rocket

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TOBISHIMA, Japan (AP) — Japan’s space agency and its prime contractor said Thursday they hope to be able to forge a profitable launch business with their new...

TOBISHIMA, Japan — Japan’s space agency and its prime contractor said Thursday they hope to be able to forge a profitable launch business with their new H3 rocket after its first successful flight last month in an increasingly competitive market dominated by Space X.

“Today, the commercial market has a big demand for rockets, and there is a substantial shortage of rockets," he said, standing next the rocket's second stage at a news conference. “Space X is virtually dominating the market right now, but I believe there are high expectations of our role as an alternative.”An H3 rocket successfully reached orbit and released two small observation satellites on Feb.

The H3 is designed to carry larger payloads than the H-2A at about half its launch cost, or about 5 billion yen , to be globally competitive. China’s booming EV market puts these 3 companies on the path to growth. Here’s what sets them apart—and the challenges they have to face4,300-year-old tomb of palace official found in Egypt. See its ‘wonderful’ decorationAn analysis of the exceptionally well preserved remains of a Bronze Age village reveals the cozy domesticity of life in Britain 2,850 years ago.

 

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