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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 performed a full-system hot fire test of the TQ-11 10-ton thrust engine for Zhuque-2’s second stage on 2019-11-30.
Landspace carried out tests of the two methalox engines powering Zhuque-2 during the summer of 2019.
Landspace reached agreements with UK-based Open Cosmos and Italy-based D-Orbit related to Zhuque-2 in April 2019.
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.
Landspace raised $71,000,000 in a series C funding round to be used for development of a new launch vehicle.
Landspace signed a contract with Spacety for Zhuque-2 launch services in late 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 previously attracted $75,000,000 in funding from China Growth Capital, Goldwind, PGA Venture Partners and others prior to 2019.
Landspace performed a successful full-system test of the TQ-11 10-ton-thrust engine for the Zhuque-2 on 2019-11-30.
Landspace, OneSpace, and iSpace have initially pursued and launched solid propellant launchers while Linkspace has concentrated on developing a reusable liquid propellant launcher.
Landspace is developing the Zhuque-2 liquid methane–liquid oxygen two-stage rocket and aims to test launch it in 2020.
If successful, an orbital flight by iSpace’s Hyperbola-1 would be the first Chinese private rocket to achieve orbit, following failures by Landspace in 2018 and OneSpace on 2019-03-27.
Commercial launch firm Landspace failed to reach orbit in October 2018.
The agreements involving LandSpace, Open Cosmos, and D-Orbit totaled $15,000,000.
LandSpace reached agreements with UK-based Open Cosmos and Italy-based D-Orbit related to launch services involving the Zhuque-2 rocket.
LandSpace expects the Zhuque-2 to be the first Chinese rocket powered by methalox propellant and to conduct a test flight expected in 2020 with the third-highest thrust level among commercial aerospace companies globally.
LandSpace has completed assembly of an 80-ton thrust Tianque-12 (TQ-12) liquid methane-liquid oxygen rocket engine for the Zhuque-2 launch vehicle.