China launches first private rocket capable of carrying satellites |ForumIAS

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Chinese startup company iSpace has successfully launched the first commercial rocket of China into the Earth’s orbit.
The successful launch of Hyperbola-1 was lifted off from Jiuquan Satellite Launch Centre with several satellites and payloads into a predetermined orbit.
Hyperbola-1 has also carried the CAS-7B CubeSat.It is an amateur radio mission which is developed by the Beijing Institute of Technology.
CubeSat are micro satellite which are generally in the size of a shoebox.They help the company or organization to monitor various things like weather patterns, crops, and disaster sites.
They are cheaper to build and easier to deploy than traditional satellites and their launch has become a lucrative market which is currently being dominated by the Indian space programme.