Abstract: This paper analyzes the launch price of the launch vehicles, domestic and abroad, studies the status and trend of the low cost launch vehicles, and introduces two measures to reduce the cost by means of evolved and disruptive technologies, utilizing the concept of low cost manufacturing and operating modes as well. This paper also analyzes the launch strategies for small satellites such as piggyback, networking launch, and single launch with a small launch vehicle (SLV). Finally, the development trend of reusable launch vehicles is discussed as well as the development prospects for China’s reusable launch vehicle.

Key words:  Launch vehicle, Low cost, Small satellite, Commercial space, Reusable