China's private rocket launch sector has been striving to expand its presence in the nation's burgeoning commercial space market despite recent setbacks.
Shu Chang, CEO of OneSpace Technology, a space-focused startup based in Beijing, said his company is determined to continue with its research and development of carrier rockets and will also continue fulfilling launch schedules this year.
OneSpace encountered a major setback on Wednesday as the company's first attempt to launch a carrier rocket for an orbital mission failed because of technical problems.
"We will endeavor to launch another OS-M carrier rocket, as well as two to three OS-X suborbital rockets before the end of this year," Shu said late Wednesday at the Jiuquan Satellite Launch Center in the Gobi Desert, where the first OS-M rocket mission was undertaken.
"I accept today's failure," he said. "Other solid-propellant carrier rockets before ours also have had setbacks in their development, but all of them passed through hard times and eventually succeeded. Explorations in science and technology have successes and failures. We will never flinch or quit."