i-Space, also known as Space Honor, Beijing Interstellar Glory Space Technology Ltd., Interstellar Glory or StarCraft Glory, is a Chinese private space launch company that develops solid fuel small satellite orbital launchers.
i-Space's main components of the company's rockets, e.g. solid propellant engines, are outsourced and produced by the CASC.
i-Space was founded in October 2016, by Dongyi Zhang and Guosong Wu. The company is headquartered in Beijing, China.
iSpace was the first private Chinese company to successfully launch a satellite into orbit. On July 25, 2019, the company’s Hyperbola-1 (Y1) rocket sent two satellites into low Earth orbit from Jiuquan launch center. iSpace said it will launch the Hyperbola-1 (Y2) rocket this fall.
i-Space is currently developing a larger rocket, called Hyperbola-2, which is 28 meters tall, with a diameter of 3.35 meters. The vehicle will be reusable and capable of vertical landing. It is expected to perform its first full orbital flight at the end of next year.
i-Space is backed by Beijing Financial Street Capital Operation Center, Matrix Partners China, CICC Alpha, Taizhonghe Capital, CDH Investments, Baidu and others. The company raised $172M (1.2B yuan) in Series B round on Aug 25, 2020. This brings i-Space's total funding to $276.5M to date.