China's CASC Launches, Lands Long March 10B at Sea as SpaceX Shares Slip Below $140
Updated
Updated · The Motley Fool · Jul 13
China's CASC Launches, Lands Long March 10B at Sea as SpaceX Shares Slip Below $140
3 articles · Updated · The Motley Fool · Jul 13
Summary
CASC said its reusable Long March 10B completed a launch from Hainan and a sea landing in a floating frame, marking what it called a complete success.
That test narrows China's reusable-rocket gap with SpaceX and undercut investor enthusiasm for the newly public U.S. company, whose stock closed Monday at $139.14.
SpaceX still got a regulatory boost: the FAA closed its review of the May Starship flight and cleared another test, with Flight 13 scheduled for July 16.
If Starship flies on time, only 55 days will have passed since Flight 12—about four times faster than the gap between Flights 11 and 12—highlighting a faster launch cadence even as competition intensifies.