Verified facts grounded in source documentation.
Kuaizhou-1A is one of the first commercial launch vehicles from China, developed by the China Aerospace Science and Industry Corporation and now manufactured by ExPace.
Expace successfully launched several KZ-1A rockets in 2024.
iSpace, Expace, Space Pioneer, and Landspace reached orbit in 2023, and Orienspace aimed to conduct its first launch with the Gravity-1 solid rocket in the second half of 2023.
Expace raised $237,000,000 in June 2022 and is developing a series of larger solid rockets.
Expace raised $237,000,000 in a B round funding in June backed by seven undisclosed investors, surpassing Galactic Energy's funding round.
Expace previously raised $180,000,000 in an A round in 2017.
Expace has plans to launch Kuaizhou-1A and Kuaizhou-11 rockets but both vehicle types were grounded following failures in late 2021 and 2020 respectively.
CASIC expects to launch the Xingyun-2 satellites in pairs on Kuaizhou-1A rockets operated by subsidiary Expace.
Expace was planning to carry out the first launch of the larger Kuaizhou-11, which may lift as much as 1,000 kg to 700-kilometer sun-synchronous orbit, before the end of 2018.
Expace secured $180,000,000 in financing in December 2017 from eight unnamed investors.