i-Space China

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.

 

 

  • Year founded: 2016
  • Funding Info: $276.5M over 2 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Beijing
  • State: Beijing
  • Country: China
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