Framegrab from a Cosmoleap animation detailing its rocket and launch and recovery tower plans. Credit: Cosmoleap

HELSINKI — Chinese launch firm Cosmoleap has secured more than 100 million yuan for the development of its Yueqian reusable rocket and a recovery system inspired by SpaceX.

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Andrew Jones writes about China's space industry, including civilian programs, space science and exploration, policy, and commercial developments for SpaceNews, and writes the China Report newsletter. He has additional bylines in Scientific American,...