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'China's Elon Musk' ready to take on US space ventures

Country's first private rocket launcher OneSpace looks to global stage

CHONGQING -- The Chinese startup that launched the nation's first commercial rocket on Thursday aims to be a major global player in the space launch business.

Beijing-based OneSpace, led by 32-year-old CEO Shu Chang, sent up the OS-X Chongqing Liangjiang Star from a site in Inner Mongolia at 7:33 a.m. The 9-meter-long, 7.2-ton rocket traveled a total of 273km during the five-minute flight, soaring as high as 38.7km.

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