First launch of the new solid-fueled rocket by Chinarocket Co., Ltd., which is a commercial subsidiary of CASC. On this launch Smart Dragon 1 will also carry payloads for four private companies.
Smart Dragon-1 is a solid fuel orbital rocket designed by a subsidiary of the state-owned CASC group built for the commercial market.
China Rocket Co. Ltd. is a spinoff of China’s state-owned launch vehicle manufacturer using a “commercial business model”.