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The global launch market reached $14.1 billion in 2024 — up 34% since 2021.
| Attribute | |||
|---|---|---|---|
| Company | Shanghai Academy of Spaceflight Technology (SAST) / CASC | LandSpace | PLD Space |
| Country | 🇨🇳 China | 🇨🇳 China | 🇪🇸 Spain |
| Status | Active | Active | In Development |
| Vehicle class | Medium | Medium | Small |
| Propellant | RP-1 / LOX | CH₄ / LOX (9× TQ-12B first stage; TQ-15B vacuum upper stage) | RP-1 / LOX |
| Reusable | No | Yes | Yes |
| Stages | 2 | 2 | 2 |
| First flight | 2024 | 2025 | 2026 |
| Payload to LEO | 12,000 kgas of [1]At 200 km altitude; 10,000 kg at 300 km. | 21,000 kgas of [1]Expendable; ~18,300 kg with first-stage recovery ↑ Best | 1,080 kgas of [1]540 kg to SSO. First flight is a stated plan (targeted Q1 2026 as of this research; not yet confirmed flown) — treat as a target, not a fact. |
| Payload to GTO | — | — | — |
| Height | 62 mas of [1] | 76.2 mas of [1] ↑ Best | 35.7 mas of [1] |
| Liftoff mass | 433 tas of [1] | ~660 tas of [1] ↑ Best | 69 tas of [1] |
| Success rate | 100% (6/6)as of [1] ↑ 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. | — |
| Total flights | 6as of [1]All six flights deployed Guowang (China SatNet) internet-constellation satellites, exclusively from Wenchang Commercial Space Launch Site. ↑ Best | 1as of [3]Second orbital launch and recovery attempt targeted Q2 2026 per LandSpace | — |
| Cost / kg LEO | — | — | — |
| Summary | A medium-lift, kerosene/LOX launcher built specifically to deploy China's Guowang mega-constellation at high cadence from Wenchang's new commercial pads. | 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. | PLD Space's orbital small launcher with a recoverable first stage (engine thrust + parachutes), developed with ESA Future Launchers Preparatory Programme support; primary launch site is the Guiana Space Centre. |
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.