Hi Woodsy,
This was a Christmas present to myself, a modern Chinese copy of a 1950-60s tin toy "Moon Rocket", which now sits in my workroom.
Having looked on the 'net, I think the original was Japanese, by Masudaya.
It's not a bad copy (I could never afford the original version), although some of the metal parts are now plastic, and there is a paper sticker on the fin bearing the name.
I suspect the original was rather larger, and that the body shape was designed to hold batteries. The lights on the side have now become just coloured hemispheres.
It came with a large chromed plastic radar dish, on a long (and damaged) stem - I shortened the stem when repairing it, which I think gives a better appearance.
Surprisingly, one old toy has the figure of a spaceman (looking rather more like a diver) looking through a periscope here - not sure if this is authentic, it certainly doesn't make much sense!
The Chinese regularly make copies of older Japanese toys, I'm not sure if this is because it saves them having to create a new design, or because having the appearance of an old toy makes their products more attractive to the 'nostalgia' market -maybe both!
all the best,
Andy B.
UK