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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) | Rocket Lab | LandSpace |
| Country | 🇨🇳 China | 🇳🇿 New Zealand / USA | 🇨🇳 China |
| Status | Active | Active | Active |
| Vehicle class | Small | Small | Medium |
| Propellant | Solid (3 stages) + liquid-fueled 4th stage | RP-1 / LOX | CH₄ / LOX (Tianque-12 + Tianque-15 upper stage) |
| Reusable | No | Yes | No |
| Stages | 4 | 2 | 2 |
| First flight | 2017 | 2017 | 2022 |
| Payload to LEO | 400 kgas of [1] | 300 kgas of [1]~200 kg reusable mode (lower due to propellant reserved for re-entry burn) | 6,000 kgas of [1]SSO capacity ~4,000 kg ↑ Best |
| Payload to GTO | — | — | — |
| Height | 19.4 mas of [1] | 18 mas of [1] | 49.5 mas of [1] ↑ Best |
| Liftoff mass | 30 tas of [1]Transporter-erector-launcher (TEL) capable — road-mobile solid launcher. | 13 tas of [1] | 219 tas of [1] ↑ Best |
| Success rate | ~85% (23 successes, 3 failures, 1 partial failure of 27)as of [1] ↑ Best | 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. | 75%as of [2]3/4 full successes; ZQ-2 Y1 (Dec 2022) reached orbit on stage 1 but 2nd stage failed; ZQ-2 Y2 (Jul 2023) SUCCESS — world's first methane-fueled rocket to reach orbit |
| Total flights | 27as of [1] | 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 | 4as of [2] |
| Cost / kg LEO | — | ~$25,000/kgas of [1]Based on ~$7.5M list price / 300 kg payload ↓ Cheapest | — |
| Summary | CASIC's road-mobile, quick-response small solid launcher, operated commercially by ExPace since 2017 — one of the higher-cadence Chinese small-lift vehicles. | 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). | The world's first methane-fueled rocket to achieve orbit (July 12, 2023), beating SpaceX Starship to that milestone. A commercial Chinese rocket built by LandSpace with vertically-integrated methane propulsion — the same propellant strategy as Starship, Neutron, and Terran R. |
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.