LS
LandSpace
🇨🇳ChinaLaunch (Methane Rockets)
Founded 2015•Beijing, China•CEO: Zhang Changwu
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Valuation
~$1.5B
Current Status
Zhuque-2 became the world's first methane-powered rocket to reach orbit in July 2023. Multiple successful flights completed in 2024, establishing operational launch cadence. Actively developing Zhuque-3 reusable variant for cost-competitive medium-lift launches.
Future Outlook
Zhuque-3 reusable vehicle aims to drastically reduce Chinese launch costs and compete globally. LandSpace is positioned as a frontrunner in China's commercial launch sector, with methane propulsion expertise ahead of most global peers.
Key Products
Zhuque-2 — first methane-fueled rocket to reach orbit (Jul 2023)Zhuque-3 — reusable medium-lift launch vehicle (in development)
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Recent Milestones
Zhuque-2 became first methane rocket to reach orbit
Jul 2023
Multiple successful Zhuque-2 flights — establishing operational cadence
2024
Zhuque-3 reusable rocket in active development
2025