Wuhan is offering firms up to 50 million yuan ($7.88 million) in financial incentives each in projects related to the manufacturing of satellites, rockets and spacecraft

Asian satellite operators are trying to wean themselves off the inexpensive Russian space launch services they have long relied on

Several applications will debut this year in Pudong New Area, covering digital factories, an underground parking lot and the new astronomy museum

Musk retweeted an article saying the Ukraine-Russia conflict had sent commodity prices to their highest levels since 2008, and said his companies "are not alone"

The escalation in North Korea tensions comes as South Korea on Wednesday elected a new conservative president

North Korea looks to be preparing to launch a reconnaissance satellite, which could prove as controversial as the country's weapons tests as they use the same banned ballistic missile tech

Data collected by the vehicle suggests that the site has been subject to long periods of weathering in the past by wind and maybe even water

The continuous rotating detonation combustion engine is driven by explosive shock waves spinning like a tornado faster than the speed of sound, the report said

Maezawa has been in the headlines for becoming the first tourist to travel to the International Space Station with Russia's space agency

The satellites will be mainly used for commercial remote sensing services, marine environment monitoring, forest fire prevention and disaster mitigation, the report said

Shanghai officials want the city to become a specialised centre for low-cost commercial satellites and reusable rockets by 2025

The first, named Polaris Dawn, will take place no sooner than the fourth quarter of this year and will be commanded by Isaacman, founder of Shift4