CAS Space (Guangzhou Zhongke Aerospace Exploration Technology Co., Ltd.)

commercialFounded 1883

China

Verified facts grounded in source documentation.

Space Pioneer, LandSpace, and CAS Space have won contracts to launch eighteen Qianfan satellites.

ORG RELATIONSHIP11/20/2025Tianlong-3 Quietly Arrives at Jiuquan Ahead of Several Reusable Rocket Debuts

Kinetica-1 is CAS Space’s first launch vehicle and consists of four stages, all using solid fuel.

NARRATIVE GENERAL11/9/2025CAS Space Delivers Test Satellites for Remote Sensing Constellation [Kinetica-1 Y9]

CAS Space plans to enter the recovery phase starting in 2027, focusing on recovering the first stage of the Kinetica-21.

NARRATIVE GROWTH10/28/2025Yang Yiqiang Provides Insights Into CAS Space, Kinetica Launch Vehicles

CAS Space successfully launched the Lijian-1 Y8 carrier rocket from Beijing.

TECHNICAL PRODUCT10/19/2025Congratulations on CAS Space’s successful launch of Lijian-1 Y8 carrier rocket from Beijing, carrying Pakistan Remote Sensing Satellite 02 and CAS Satellites 03, 04 into orbit. 9th successful flight for Lijian-1! Full HD:https://youtu.be/AYzTHChRVZM

CAS Space plans to launch its first sub-orbital spacecraft in October or November.

NARRATIVE GROWTH10/19/2025CAS Space’s Lijian-2 rocket prepares for maiden flight in Q4, launching Light Boat-1 spacecraft. It will be crucial for the country's low-orbit internet satellite network. CAS Space also to launch first sub-orbital spacecraft in Oct/Nov. Source:https://m.weibo.cn/status/Q9KXtF0J2

Cas Space plans to launch LJ-2 Y1 in 2025.

NARRATIVE GROWTH10/19/2025LJ-2 Y1 of Cas Space. Launch within 2025. via https://weibo.com/tv/show/1034:5223215518122000?from=old_pc_videoshow

CAS Space delayed Kinetica-2’s debut flight from late September to the fourth quarter of 2023.

NARRATIVE GENERAL9/22/2025Financing, Firings, & Pre-Flight Testing

In 2024, CAS Space disclosed a revenue of 243 million Yuan (approximately 34.1 million USD) and operating expenses of 752 million Yuan (approximately 105.64 million USD).

NARRATIVE FINANCIAL9/11/2025CAS Space Delays Kinetica-2, Eyes IPO

CAS Space's Liqing-4 upper stage successfully completed testing at the 165 Institute's Qingshuitou test area.

NARRATIVE GENERAL9/1/2025CAS Space’s Liqing-4 upper stage had successful testing at 165 Institute's Qingshuitou test area. 10 ignitions done, 2s to 650s, with 96% combustion efficiency, meeting flight mission needs. Source:https://m.weibo.cn/status/Q2xG4hTNj

The record for satellites launched on a single commercial rocket comes from a June 2023 CAS Space launch of 26 satellites.

NARRATIVE GENERAL3/16/2025The Launch Bottleneck Holding up China's Starlink

CAS Space is planning the first launch of its kerosene-liquefied oxygen Kinetica-2 rocket in the second half of 2025 to launch the Qingzhou low-cost cargo spacecraft.

NARRATIVE GENERAL12/27/2024China suffers commercial rocket failure but sets record for annual launches

CAS Space plans to launch the Kinetica-2 rocket in September 2025.

NARRATIVE GROWTH10/31/2024CAS Space of China aims to go international

CAS Space raised $31,000,000 in 2021 with leading investors including CITIC Juxin (owned by CITIC Group Corporation), Zhongke Chuangxing (an accelerator fund set up by CAS), and Yuexiu Industrial Investment.

NARRATIVE FINANCIAL10/31/2024CAS Space of China aims to go international

CAS Space raised $31,000,000 in 2021 with leading investors including CITIC Juxin (owned by CITIC Group), Zhongke Chuangxing, and Yuexiu Industrial Investment.

NARRATIVE FINANCIAL1/31/2023China’s CAS Space outlines rocket series, inaugurates manufacturing facility

CAS Space raised $31,000,000 in 2021, with leading investors including CITIC Juxin (owned by CITIC Group Corporation), Zhongke Chuangxing, and Yuexiu Industrial Investment.

NARRATIVE FINANCIAL7/27/2022CAS Space puts six satellites in orbit with first orbital launch

CAS Space planned its first launch, the ZK-1A solid rocket, for early 2022.

NARRATIVE GENERAL4/22/2022Chinese reusable rocket startup secures new funding round

CAS Space plans its first launch of the ZK-1A solid rocket during the first quarter of 2022.

NARRATIVE GENERAL2/9/2022China plans more than 50 space launches in 2022

CAS Space is preparing its first launch for the first quarter of 2022 and has established facilities in the Nansha district of Guangzhou.

NARRATIVE GENERAL12/15/2021Chinese Kuaizhou-1A rocket launch fails

CAS Space, a Chinese Academy of Sciences spinoff, raised $31,000,000 in May 2021.

NARRATIVE FINANCIAL8/26/2021Chinese commercial sector investment lagging in 2021

CAS Space raised $31,000,000 in May 2021 as it prepared for launch of the ZK-1A solid rocket.

NARRATIVE FINANCIAL8/10/2021Chinese hypersonic spaceplane company raises $46 million

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