Beijing-based Link Space was founded in 2014, the same year that the PRC government greenlighted commercial space ventures. No word on the company’s exact funding, but a story four years ago said its 21-year-old founder (and another Elon Musk wannabe) was selling a 16 percent stake in the company for 16 million yuan (about $2.3 million today). Like SpaceX, Link Space is staking its future on developing affordable reusable rocket technology. Its New Line 1 will be used to launch small satellites (less than 450 pounds) into orbit at about half the price of new rockets, according to Astro Watch. LinkSpace (Chinese: 翎客航天[2][3]; pinyin: Líng-kè Hángtiān; literally: 'LINK Aerospace') or Link Space Aerospace Technology Inc. is a Chinese private space launch company based in Beijing. It is led by CEO Hu Zhenyu, and founded as the first private rocket firm in China. The company was founded in 2014, by Hu Zhenyu, a graduate of South China University of Technology; Yan Chengyi, a graduate of Tsinghua University; and Wu Xiaofei, a manufacturing expert. The company is registered in Shenzhen.
