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.
All verified mentions of this organization in source documents.
LandSpace plans to build more landing pads away from Jiuquan, with one located in Minqin County, approximately 390 kilometers away.
LandSpace's control will likely be directed by Zhang Changwu, the Founder and CEO, who holds 6.7277 percent of company shares but has 75.2 percent of the voting rights.
LandSpace aims to raise 7.5 billion Yuan (1.072 billion United States Dollars) through its IPO.
LandSpace's expenditures included 820 million Yuan in 2022, 1.216 billion Yuan in 2023, and 916 million Yuan in 2024 for employee payments, facility expansions, and production of rockets.
In August 2025, LandSpace was awarded a demonstration contract for the Qianfan project.
LandSpace's financial information reveals it earned 780,000 Yuan in 2022, 3.95 million Yuan in 2023, and 4.278 million Yuan in 2024.
LandSpace will contribute 961.6 million Yuan (137.54 million United States Dollars) towards the investments for improving its launch vehicles.
In July 2025, LandSpace began the process of becoming a traded company on the Shanghai Stock Exchange's Science and Technology Innovation Board through an initial public offering.
On December 31, East Money reported that LandSpace's IPO has been accepted and is moving forward.
Landspace is losing between $100 million and $150 million a year.
Landspace is raising $1 billion for reusable launch vehicle (RLV) R&D.
Landspace has not sold a launch for more than $5 million.
Landspace has incurred $327 million in total R&D expenses since 2022.
Total R&D expenses since 2022 for Landspace are $327 million.
Landspace is losing between $100 million and $150 million a year.
Landspace has not sold a launch for more than $5 million.
LANDSPACE's IPO application has been accepted by the Shanghai Stock Exchange as of December 31.
Land Space plans to have the maiden flight of the ZQ-3 rocket in 2025.
Landspace has had its IPO application accepted by the Shanghai Stock Exchange.
Landspace is seeking to raise 7.5 billion yuan, equivalent to approximately 1 billion US dollars.