July 3 — Xinghe Power Aerospace said its domestically developed Cangqiong-50 reusable LOX/kerosene engine completed its 163rd routine hot-fire on July 1 at the Niutoushan power-system test center. The company said it has completed 57 engine hot-fire runs to date, with cumulative test time of 20,088s and a single-unit maximum cumulative run time of 2,757s. The Cangqiong-50 is designed for at least 25 reuses; more than 40 engines of this type have been assembled and delivered. The Zhishenxing-1 mi

2026-07-03

July 3 — Xinghe Power Aerospace said its domestically developed Cangqiong-50 reusable LOX/kerosene engine completed its 163rd routine hot-fire on July 1 at the Niutoushan power-system test center. The company said it has completed 57 engine hot-fire runs to date, with cumulative test time of 20,088s and a single-unit maximum cumulative run time of 2,757s. The Cangqiong-50 is designed for at least 25 reuses; more than 40 engines of this type have been assembled and delivered. The Zhishenxing-1 mid-to-large reusable liquid launch vehicle, powered by Cangqiong-50, is scheduled for a near-term maiden flight and will begin staged recovery validation thereafter.

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2026-07-03

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2026-07-02

After the US nonfarm payrolls release, spot gold surged to $4,120/oz, up 2.20% on the day.