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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | Electron 🇳🇿 New Zealand / USA Trust: Agency-primaryⓘ Last verified Active · Last updated 2026-06-28Remove × | ||
|---|---|---|---|
| Company | ExPace (CASIC subsidiary) | LandSpace | Rocket Lab |
| Country | 🇨🇳 China | 🇨🇳 China | 🇳🇿 New Zealand / USA |
| Status | Active | Active | Active |
| Vehicle class | Small | Medium | Small |
| Propellant | Solid (3 stages) + liquid upper stage | CH₄ / LOX (9× TQ-12B first stage; TQ-15B vacuum upper stage) | RP-1 / LOX |
| Reusable | No | Yes | Yes |
| Stages | 4 | 2 | 2 |
| First flight | 2020 | 2025 | 2017 |
| Payload to LEO | 1,500 kgas of [1] | 21,000 kgas of [1]Expendable; ~18,300 kg with first-stage recovery ↑ Best | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) |
| Payload to GTO | — | — | — |
| Height | — | 76.2 mas of [1] ↑ Best | 18 mas of [1] |
| Liftoff mass | 78 tas of [1]Transporter-erector-launcher (TEL) capable. | ~660 tas of [1] ↑ Best | 13 tas of [1] |
| Success rate | 80% (4/5)as of [1]Debut flight (2020-07-10) failed; returned to flight 2022-12-07 successfully. ↑ Best | 100%as of [2]1/1 orbital successes (Y1, Dec 3, 2025). First-stage recovery failed — abnormal combustion during the landing burn crashed the booster near the landing zone. | 95.6%as of [3]87 successes / 91 Electron-family flights. Orbital Electron alone: 78/82 (95.1%). HASTE: 9/9. On a 50-flight success streak since December 2023; 21/21 in the 2025 calendar year. |
| Total flights | 5as of [1] | 1as of [3]Second orbital launch and recovery attempt targeted Q2 2026 per LandSpace | 91as of [3]91 Electron-family flights: 82 orbital plus 9 suborbital HASTE. Reconciled against three 10-K cumulative checkpoints (38/54/75 successes through 2023/2024/2025). Rocket Lab counts HASTE inside its own 'Electron launched N times' figure. ↑ Best |
| Cost / kg LEO | — | — | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload ↓ Cheapest |
| Summary | The larger sibling of Kuaizhou-1A, roughly 3.75x the payload class, road-mobile and solid-fueled, recovering commercial cadence after a 2020 debut failure. | LandSpace's stainless-steel, reusable methalox rocket — China's closest analogue to Falcon 9. The Y1 debut (Dec 3, 2025) reached orbit on the first attempt but lost the booster during its landing attempt; a second flight with another recovery attempt is targeted for Q2 2026. | The world's most commercially active small launch vehicle, designed and built in-house at Rocket Lab. Rutherford engines are the first flight-proven engines made with additive manufacturing (metal 3D printing). Booster recovery via parachute and helicopter catch (later transitioned to ocean recovery). |
48 launch vehicles across 10 countries — active, retired, and in development — with primary-source citations from manufacturer user guides and agency press kits. Pure URL state: bookmark or share the link and the comparison reproduces exactly.