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 is a commercial spinoff from the China Aerospace Science and Industry Corporation (CASIC).
Sichuan province has acquired a 30.66 percent stake in ExPace.
Before the acquisition, the China Aerospace Science and Industry Corporation controlled 56.4347 percent of ExPace.
Sichuan's acquisition of a majority share in ExPace is related to the research and development of launch vehicles.
Sichuan Provincial Science and Technology Innovation Investment Co Ltd is the main buyer of ExPace's shares.
Expace's subsidiary Sanjiang Group sold a 30.66% stake for an undisclosed amount.
CASIC's Academy of Launch Technology is selling 31% of its 56% share in ExPace.
CASIC's Academy of Launch Technology is partially divesting from ExPace, the Kuaizhou Launch provider.
Expace reported losses of ¥180 million in 2024.
Expace is a Wuhan-based company that primarily has a launch and integration facility in Xichang.
A subsidiary of Province-owned Sichuan Development (Holdings) is acquiring the 31% share in ExPace.
Expace is planning to move Kuaizhou-6 research and development to Chengdu.
Expace claims a valuation of 10 billion Yuan, which is approximately $1.4 billion.
Expace successfully launched several KZ-1A rockets in 2024.
Expace launched an upgraded Kuaizhou-1A rocket at 11:46 p.m. Eastern on 2024-12-03 (0546 UTC, 2024-12-04) from Xichang Satellite Launch Center in southwest China.
Expace operates the larger Kuaizhou-11 solid rocket with a 2.65-meter-diameter fairing and designed to launch up to 1,500 kg to low Earth orbit.
Weihai-1 01 and Weihai-1 02 are thought to be developed by state-owned enterprise CASIC and carry laser-based communications payloads to demonstrate inter-satellite and space-to-ground laser links.
China launched four Tianmu-1 GNSS radio occultation satellites on 2024-01-05 using an Expace Kuaizhou-1A solid rocket.
In 2023, Galactic Energy, iSpace, Landspace, Space Pioneer, CAS Space, and Expace reached orbit and collectively accounted for 16 of China’s 58 orbital launches.