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China Nets Orbital Booster, Shares Surge After Long March 10B

7/10/2026

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Summary

Story summary

China caught an orbital-class booster with a net on a sea platform on July 10, causing shares of China Spacesat and China Satellite Communications to rise to their limits.
The Long March 10B lifted off from Hainan and snagged its booster with landing hooks, unlike SpaceX’s Falcon 9 which lands on legs.
State media said the booster will be refurbished for another launch before the end of 2026, supporting China’s lunar mission plans.

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Story summary

China caught an orbital-class booster with a net on a sea platform on July 10, causing shares of China Spacesat and China Satellite Communications to rise to their limits.
The Long March 10B lifted off from Hainan and snagged its booster with landing hooks, unlike SpaceX’s Falcon 9 which lands on legs.
State media said the booster will be refurbished for another launch before the end of 2026, supporting China’s lunar mission plans.