Chinese private company will launch the first commercial rocket in June of this year.
Funds in the amount of 500 million yuan ($ 78,2 million) have already been allocated for the implementation of the budget project.
The second rocket (OS-M), according to him, will be sent into space also in 2018, however, in terms of its launch will take place later.
The head of the company explained that in the near future "he does not plan to use rockets for the implementation of complex projects for the exploration of outer space."
The CEO also said that, unlike SpaceX in America, the Chinese Lingtai Kongjian is going to create “compact compact missiles for satellites that will be very inexpensive and therefore will compete well with similar US projects.”
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