Blue Arrow Space Technology wins championship in the 8th China Innovation and Entrepreneurship Competition
On November 7th, the final round of the 8th China Innovation and Entrepreneurship Competition in the advanced manufacturing industry concluded in Luoyang. Blue Origin Space Technology Co., Ltd., with its "80-ton liquid oxygen methane engine and low-cost medium-sized liquid rocket research and development project," scored 96.15, standing out from 272 participating companies to win first place in the startup group of this competition.
The China Innovation and Entrepreneurship Competition is jointly held by the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Education, the Central Cyberspace Administration, and the All-China Federation of Industry and Commerce. It is the highest-level, largest-scale, and most influential double-creation event in China, known as the "National Competition." For eight years, more than 180,000 companies and teams have participated in the China Innovation and Entrepreneurship Competition, providing a competitive stage for numerous small and medium-sized enterprises and innovators to strive for excellence.
Blue Origin Space is an innovative enterprise established under the guidance of relevant national strategies. Since its inception, the company has established a development approach of "independent research and development of core technologies and independent construction of core facilities." Based on leading liquid oxygen methane rocket research and development technology, the nation's first private commercial aerospace intelligent manufacturing base, and continuous innovation capabilities, it achieves large-scale production of commercial rockets, helping China's commercial aerospace industry maintain a leading position in international competition and becoming a strong supplement to China's aerospace industry.
The award-winning "Tianque" 80-ton liquid oxygen methane engine (TQ-12) is the third high-thrust liquid oxygen methane rocket engine in the world to complete full-system test verification, following SpaceX's Raptor engine and Blue Origin's BE-4 engine. It possesses key core technologies such as multiple starts, reusability, and coaxial dual cryogenic high-performance turbopumps. The engine completed a 200-second variable thrust long-range hot test verification on October 26th of this year.
Based on the Tianque engine, the "Zhuque-2" launch vehicle is China's first medium-sized liquid oxygen methane rocket. It adopts a design philosophy of "high reliability, universality, and low cost." By relying on "one propellant combination, one rocket body diameter, and two types of engines," it forms a series of liquid rocket products with launch capabilities covering low, medium, and high orbits, ranging from several tons to tens of tons. It can not only meet the launch needs of most small and medium-sized commercial satellites on the market, but also has the potential for future recovery and expansion to larger carrying capacity.
Blue Origin Space's winning of the national competition industry championship fully demonstrates the company's strong strength and leading position in technological innovation, and its business model and market prospects have also been widely recognized.
Background Information:
Blue Origin Space is China's first private launch vehicle research and development enterprise and the only private enterprise in China with all the access qualifications for launch vehicles. Focusing on the small and medium-sized commercial aerospace application market, Blue Origin Space is committed to researching and developing liquid fuel rocket engines and commercial launch vehicles with independent intellectual property rights. With a first-class technology research and development team, it completes the entire process of product design, manufacturing, testing, and delivery with highly integrated design capabilities and single-machine innovation capabilities, providing standardized launch service solutions for the global market.
In September 2018, China Zhongji Investment participated in Blue Origin Space's Series B+ financing, promoting its layout in high-end manufacturing. In the future, China Zhongji Investment will continue to pay attention to investment opportunities in this field.
