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iSpace China (Beijing Interstellar Glory)
🌍InternationalSpace
Founded 2016•Beijing, China•CEO: Peng Xiaobo
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Valuation
~$700M
Current Status
Made history with Hyperbola-1 as the first Chinese private company to reach orbit in July 2019. Developing Hyperbola-2 reusable rocket with methane propulsion for cost-competitive medium-lift launches. Conducting vertical landing tests for reusability.
Future Outlook
Hyperbola-2 reusable vehicle is key to iSpace's future competitiveness. As a pioneer in Chinese commercial spaceflight, the company has brand recognition and government support. Targeting reusable medium-lift market alongside LandSpace and Space Pioneer.
Key Products
Hyperbola-1 — solid-fueled small-lift rocket (first Chinese private orbital launch Jul 2019)Hyperbola-2 — reusable liquid-fueled rocket (in development)
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Recent Milestones
Hyperbola-1 — first Chinese private company to reach orbit
Jul 2019
Hyperbola-2 reusable rocket development and testing underway
2024