China to launch first rocket developed by private company

CHONGQING, May 8 (Xinhua) -- China will launch the first commercial rocket developed by a private enterprise in mid-May, the company said Tuesday.

Shu Chang, CEO of One Space said its rocket OS-X was now at a testing ground in northwest China preparing for the first launch.

Established in August 2015, One Space is China's first private company which has a license to develop carrier rockets. The company so far has two rocket series, the OS-X and the OS-M.