Chinese startup Landspace conducts 1st rocket landing test (video)

The Chinese company Landspace just notched a big milestone in its quest to develop a reusable rocket. 

The Beijing-based startup launched and landed a test version of its Zhuque-3 rocket at the Jiuquan Satellite Launch Center in Inner Mongolia on Jan. 19.

The vehicle soared about 1,150 feet (350 meters) into the sky during the roughly 60-second flight, then came back down for a pinpoint landing within 7.9 feet (2.4 meters) of its target, according to Landspace, which declared the test mission "a complete success."

Related: Chinese startup Landspace poised to begin reusable rocket landing tests

Zhuque-3 is a two-stage, stainless-steel rocket whose first stage will be reusable, like that of SpaceX's workhorse Falcon 9. 

The Zhuque-3, which Landspace hopes to start flying in 2025, will stand about 250 feet (75 meters) tall and be capable of carrying up to 40,350 pounds (18,300 kilograms) to low Earth orbit (LEO) in reusable mode, according to SpaceNews.

The Falcon 9, for comparison, can haul about 50,265 pounds (22,800 kg) to LEO, according to its specifications page.

Landspace — which also flies the expendable, and currently operational, Zhuque-2 rocket — isn't the only Chinese outfit working to develop a reusable launch vehicle, as SpaceNews notes.

Others include the companies iSpace, Galactic Energy and Orienspace, as well as the state-owned China Aerospace Science and Technology Corp., whose many projects include a fully reusable version of its future Long March 9 heavy lifter.