Rocket Report: Chinese rockets fail twice in 12 hours; Rocket Lab reports setback

"The past week has been one of advancements and setbacks in the rocket business. NASA rolled the massive rocket for the Artemis II mission to its launch pad in Florida, while Chinese launchers suffered back-to-back failures within a span of approximately 12 hours. Rocket Lab's march toward a debut of its new Neutron launch vehicle in the coming months may have stalled after a failure during a key qualification test."

"Six months after its first orbital rocket cleared the launch tower for just 14 seconds before crashing back to Earth, Gilmour Space Technologies has secured 217 million Australian dollars ($148 million) in funding that CEO Adam Gilmour says finally gives Australia a fighting chance in the global space race, the Sydney Morning Herald reports."

""We're a rocket company that has never had access to the capital that our American competitors have," Gilmour told the newspaper. "This is the first raise where I've actually raised a decent amount of capital compared to the rest of the world.""

Another partially reusable Chinese rocket, the Long March 12B, is nearing its first test flight. NASA rolled the massive rocket for the Artemis II mission to its launch pad in Florida. Chinese launchers suffered back-to-back failures within approximately 12 hours. Rocket Lab experienced a failure during a key qualification test for its Neutron launch vehicle, potentially stalling the debut. Gilmour Space Technologies secured 217 million Australian dollars ($148 million) in funding, led by the National Reconstruction Fund Corporation and Hostplus with $75 million each. The investment makes Gilmour Space a unicorn and aims to boost Australia's competitiveness in the global space race.

Read at Ars Technica