China Unveils $553M Spaceport with Successful Long March-12 Rocket Launch

China has launched the Long March-12 rocket from its new $553 million Wenchang Commercial Space Launch Site on Hainan Island. The rocket, capable of carrying 10 tons to low-Earth orbit, delivered two experimental satellites on November 30, 2024. Designed with advanced fuel systems and lighter materials, the rocket enhances payload capacity. The spaceport’s coastal loc…

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