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International Business Times
International Business Times
Business

A Chinese Company Reached a Milestone Characteristic Of SpaceX. Shares Of Musk's Company Are Dropping.

SpaceX United States IPO Landspace Nvidia Yahoo Finance
SpaceX's stock has been hovering around its IPO price over the past days. (Credit: Getty Images)

SpaceX's stock is dropping on Wednesday after a Chinese company managed to land a rocket booster for the first time, a feat characteristic of the company owned by Elon Musk.

LandSpace landed the first stage of its Zhuque-3 rocket on a pad. It is the first time a Chinese company managed to do so, potentially reducing the edge SpaceX has over other aerospace companies.

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