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Orienspace plans an initial public offering on one of China’s stock exchanges following LandSpace and CAS Space while retaining a focus on technology.
Orienspace experienced an almost two-year gap between flights due to internal struggles and a transition to simultaneous flight preparations.
Peng Haomin projects that 2026 will validate the commercial logic of space ventures and that Orienspace will advance toward large-scale operations to deploy massive low-Earth orbit internet constellations.
Orienspace management expects Gravity-1 to fly two more times this year if the upcoming mission is successful.
Wang Wuqin, Deputy Director of Haiyang Launch Vehicle Assembly and Testing at Orienspace, has been informed of a single-customer multi-satellite flight and referenced cost advantages to customers of launching entire constellation spacecraft groups.
Orienspace promoted a 'one-rocket thirty-satellite' flight concept with each satellite suggested to weigh 100 kilograms.
Peng Haomin, Vice President of Orienspace, advocated optimization of launch approval processes by authorities to enable high-frequency flight cadence for deploying planned mega-constellations.
On February 17, late pre-flight preparations were underway at Haiyang Oriental Spaceport to move Orienspace’s Gravity-1 solid-fuelled rocket toward launch.
Orienspace will choose the appropriate time to submit its IPO application.
Orienspace is preparing for an initial public offering (IPO).
OrienSpace has been testing YF-102 engines for use on an early version of its Gravity-2 launch vehicle.
Orienspace plans to introduce the Gravity 2 launch vehicle in the near term.
Orienspace delivered a mass-to-orbit of 0.0 kg with 100% of their launches having known mass.
Orien Space plans to have the maiden flight of the Gravity-2 rocket in 2025.
Five private launch firms—i-Space, Galactic Energy, Space Pioneer, LandSpace, and Orienspace—have successfully placed payloads into orbit using their own carrier rockets.
The five purely commercial launch companies are Galactic Energy, iSpace, Landspace, Orienspace, and Space Pioneer.
ORIENSPACE conducted additional tests of their YuanLi-110 kerolox engine.
OrienSpace has a target for a 2025 debut flight for Gravity-21, but acknowledges this is an extremely ambitious goal.
The first flights of Gravity-21 will use the YF-102 engine from the Academy of Aerospace Liquid Propulsion Technology instead of OrienSpace's engine.
OrienSpace believes the restart capability of the Yuanli-110 engine is critical for recovering Gravity-21's first-stage boosters after launch.