航天科工火箭技术有限公司
ExPace, also known as CASIC Rocket Technology Company, is a Chinese state-owned commercial launch provider and a subsidiary of China Aerospace Science and Industry Corporation (CASIC). Founded in 2016, ExPace focuses on providing cost-effective launch services for small satellites to low Earth orbit, primarily using its Kuaizhou (KZ) series of solid-fueled rockets. The company is developing reusable methane-liquid oxygen rockets and aims to compete with other commercial space companies by offering rapid and responsive launch capabilities.
All verified mentions of this organization in source documents.
ExPace’s Kuaizhou-11 launch vehicle launched from the Jiuquan Satellite Launch Center on June 17 at 11:58 am China Standard Time.
ExPace has added a wider fairing option and optimized costs for Kuaizhou-11.
ExPace and Jiuquan confirmed the completion of a launch mission to deploy Future Navigation’s CentiSpace Group-05 satellite cluster.
ExPace resumed Kuaizhou-11 launches in May 2024 after the December 2022 flight.
ExPace’s Kuaizhou-11 has had one failure, which occurred during its July 2020 debut flight.
Kuaizhou-11 was developed by the China Aerospace Science and Industry Corporation and manufactured by ExPace.
A separate 29.6% stake in ExPace was sold in December 2025.
CASIC’s Academy of Launch Technology, also known as Sanjiang Group, is partially divesting from ExPace.
Sanjiang Group is selling 31% of its 56% share in ExPace to a subsidiary of Province-owned Sichuan Development (Holdings).
The Beijing Equity Exchange listing for the ExPace stake gives a transfer reserve price of 329,985.00 million yuan.
The Beijing Equity Exchange listing classifies the ExPace stake under railway, shipbuilding, aerospace, and other transportation equipment manufacturing.
The buyer of the December 2025 ExPace stake was a Wuhan Municipality-owned investment fund.
CASIC's KZ-12 is designed to deliver 11 tonnes to low Earth orbit and 6.5 tonnes to a 700-kilometer sun-synchronous orbit.
CASIC's KZ-12 is expected to make its first flight in the first half of 2027.
CASIC's KZ-12 has a core-stage diameter of 5.2 meters.
CASIC's KZ-12 is a medium-class launch vehicle that uses a solid-liquid hybrid propulsion scheme.
CASIC's KZ-12 has a launch cadence of no more than 10 days.
CASIC's KZ-12 has a gross liftoff mass of about 555 tonnes.
CASIC's KZ-12 is about 47 meters long.
The launch was reported to be a CASIC/ExPace Kuaizhou-1A mission.