蓝箭航天空间科技股份有限公司
LandSpace, officially LandSpace Technology Corporation, is a Chinese commercial space launch provider established in 2015 and headquartered in Beijing. As a private enterprise, LandSpace focuses on developing and operating launch vehicles, particularly those using liquid oxygen-methane propellants. Its Zhuque-2 rocket achieved a significant milestone in July 2023 by becoming the world's first methane-fueled launch vehicle to reach orbit. LandSpace aims to provide cost-effective and reliable space transportation services, contributing to the growing commercial space sector in China.
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Beijing-based Landspace is developing a methalox rocket capable of landing using variable-thrust engines and expects its first launch of Zhuque-2 to be expendable in mid-2021.
Landspace’s website lists Zhuque-2 variants capable of sending 6,000 kg to low Earth orbit and 4,000 kg to sun-synchronous orbit, possibly using side boosters.
Sequoia Capital China, Country Garden Venture Capital, Matrix Partners China, and Cornerstone Capital jointly led Landspace’s $175,000,000 Series C+ funding round.
Landspace’s $175,000,000 Series C+ round matches the funding amount of Expace, a launch service provider owned by CASIC.
Landspace’s new funding will be used to develop the Zhuque-2 series of launch vehicles designed to deliver satellites to low Earth orbit and sun-synchronous orbit.
iSpace secured $173,000,000 in Series B funding two weeks before Landspace raised $175,000,000.
Zhuque-1, a 19-meter-tall, 1.3-meter-diameter, 27-metric-ton light-lift solid rocket from Landspace, failed to reach orbit in its only flight in October 2018.
Landspace raised $175,000,000 in a Series C+ funding round for development of its Zhuque-2 methane-liquid oxygen launch vehicles.
Domestic competitor Landspace is developing a methalox launch vehicle named Zhuque-2 with an inaugural launch set for 2021.
Landspace completed three gimbaling hot fire tests of the SkyLark (Tianque-12) 80-ton-thrust cryogenic methane/liquid oxygen rocket engine in early to 2020-05-15.
Landspace entered a joint compatibility test phase for ZQ-2 ahead of a first launch planned for late 2020 or early 2021.
Landspace completed full-system hot tests of 10 seconds, 100 seconds, 750 seconds, and 1,500 seconds for the Tianque-11 engines.
Landspace Technology Corporation completed a 1,500-second test of its Tianque-11 10-ton-thrust engines in March.
Launch firms Landspace, iSpace, OneSpace, and Linkspace are developing launch vehicles with the aim of providing low-cost launch services domestically and internationally.
State-run Expace and private firms including Landspace, iSpace, OneSpace, Linkspace, and Galactic Energy are developing launch vehicles to provide low-cost launch services domestically and internationally.
Landspace recently raised $71,000,000 in funding for its Zhuque-2 launch vehicle.
Landspace reached agreements with UK-based Open Cosmos and Italy-based D-Orbit related to Zhuque-2 in April 2019.
Landspace secured about $14,000,000 in a series B+ funding round from Shanghai Yi Sheng Investment, Luxin Venture Capital and others earlier in 2019.
Landspace’s total fundraising in 2019 reached $85,000,000 (600 million yuan).
Landspace performed a successful 100-second hot fire test of the TQ-12 80-ton thrust engine for Zhuque-2’s first stage during the summer of 2019.