China pulled off its first reusable rocket recovery, a milestone that chips away at America's lead in space and is bad news for SpaceX's aura of dominance.

• China landed the first stage of its Long March 10B rocket, catching it in a sea-based net instead of copying SpaceX's landing-pad method.
• The net-and-platform design skips landing legs and precise hovering, hitting SpaceX-level results with less complexity.
• SpaceX is still ahead, but China now has its own working method and nearly 100 companies chasing reusable rockets.
• It follows a pattern where China caught up fast in EVs, solar, shipbuilding, and AI — raising talk of another "DeepSeek moment," cheaper and good enough.
• On markets, Korea's chipmaker SK Hynix is set to list on US markets, riding the AI data-center boom that many see as a bubble.

Outlook: Expect more cheap, capable Chinese tech to pressure Western leaders, with the space race now a real multi-country contest.