Rocket Report: Chinese launch firm raises big money; Falcon 9 back to the Bahamas

February 21, 2026
Rocket Report: Chinese launch firm raises big money; Falcon 9 back to the Bahamas

So, here’s something that caught my attention — NASA’s Artemis II rocket is in a tense countdown rehearsal, and the outcome could delay its lunar launch. Stephen Clark from Ars reports that a hydrogen leak earlier this month has put the test on hold, and the next few days will tell if they’re ready or if they’ll push it back to April. Meanwhile, the global space race isn’t just about the big players anymore. According to Clark, several countries like Australia, Canada, Germany, and Spain are investing heavily in building their own launch capabilities, driven by security concerns. They’re funding startups to get their own rockets off the ground, even if they currently lack independent launch ability. But here’s where it gets interesting — many nations talk a big game but don’t follow through with cash. So, what does this all mean? Well, the space economy is shifting from just the U.S. and China to a broader set of players, making space more competitive than ever.

Welcome to Edition 8.30 of the Rocket Report! As I write this week's edition, NASA's Space Launch System rocket is undergoing a second countdown rehearsal at Kennedy Space Center, Florida. The outcome of the test will determine whether NASA has a shot at launching the Artemis II mission around the Moon next month, or if the launch will be delayed until April or later. The finicky fueling line for the rocket's core stage is the center of attention after a hydrogen leak cut short a practice countdown earlier this month.

As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.

Who is actually investing in sovereign launch? No one will supplant American and Chinese dominance in the space launch arena any time soon, but several longtime US allies now see sovereign access to space as a national security imperative, Ars reports. Taking advantage of private launch initiatives already underway within their own borders, several middle and regional powers have approved substantial government funding for commercial startups to help them reach the launch pad. Australia, Canada, Germany, and Spain are among the nations that currently lack the ability to independently put their own satellites into orbit, but they are now spending money to establish a domestic launch industry. Others talk a big game but haven’t committed the cash to back up their ambitions.

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Audio Transcript

Welcome to Edition 8.30 of the Rocket Report! As I write this week's edition, NASA's Space Launch System rocket is undergoing a second countdown rehearsal at Kennedy Space Center, Florida. The outcome of the test will determine whether NASA has a shot at launching the Artemis II mission around the Moon next month, or if the launch will be delayed until April or later. The finicky fueling line for the rocket's core stage is the center of attention after a hydrogen leak cut short a practice countdown earlier this month.

As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.

Who is actually investing in sovereign launch? No one will supplant American and Chinese dominance in the space launch arena any time soon, but several longtime US allies now see sovereign access to space as a national security imperative, Ars reports. Taking advantage of private launch initiatives already underway within their own borders, several middle and regional powers have approved substantial government funding for commercial startups to help them reach the launch pad. Australia, Canada, Germany, and Spain are among the nations that currently lack the ability to independently put their own satellites into orbit, but they are now spending money to establish a domestic launch industry. Others talk a big game but haven’t committed the cash to back up their ambitions.

Read full article

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