Based in Beijing is Landspace, which pulled $31.7 million into its orbit from a Series B in April of this year. The company is developing a rocket that will use methane in its liquid fuel propellant mix. Landspace says the Zhuque-2 (ZQ-2) rocket will not only be more fuel-efficient but also reusable. China has pledged to make all of its rockets reusable by 2035, according to Popular Mechanics. However, don’t expect to see ZQ-2 reach outer space before 2020. In the meantime, Landspace is readying a solid-state rocket for launch next month, SpaceNews reported. It will carry a satellite to be used by China Central Television. Last year, Landspace formed a partnership with Danish company GOMSpace (FRA:1G2), a nanosatellite manufacturer, according to China Money Network. The deal to ferry GomSpace’s satellites into orbit made Landspace the first Chinese private space company to win a contract from a foreign firm, CMN reported.
Update 2/15/19: LandSpace has raised around $43 million in Series B funding for development of its Zhuque-2 rocket which it aims to debut in 2020. This brings the company’s total funding to $115 million to date. OneSpace[1] (Chinese: 零壹空间[2]; pinyin: Líng Yī Kōngjiān; literally: 'Zero One Space') or One Space Technology Group[3] (Chinese: 零壹空间科技[4]; pinyin: Líng Yī Kōngjiān Kējì; literally: 'Zero One Space Technology') is a Chinese private space launch group based in Beijing，subsidiaries in Chongqing, Shenzhen[5] and Xi'an.[6] OneSpace was founded in 2015. OneSpace is led by CEO Shu Chang and is targeting the small launcher market for microsatellites and nanosatellites.OneSpace launched China's first private rocket in 2018.
The company plans to unveil its family of rockets early in 2019.[10] At least 10 such firms have emerged since the Chinese government policy shift in late 2014 to allow private companies into the launch and small satellite sectors.[11] LandSpace (Chinese: 蓝箭[1]; pinyin: Lán Jiàn; literally: 'Blue Arrow') or Landspace Technology Corporation[2] (Chinese: 蓝箭空间科技[3][4]; pinyin: Lán Jiàn Kōngjiān Kējì; literally: 'Blue Arrow Space Technology') is a Chinese private space launch company based in Beijing.[5][2] It was founded by Tsinghua University[5] in 2015.[6] The company conducted its first launch of the Zhuque-1 rocket on 27 October 2018, however, the payload failed to reach orbit due to an issue with the third stage.
The firm aims to develop, build and operate a solid-fueled orbital rocket Zhuque-1, which is technologically based on the Long March 11 rocket of the Chinese government. LandSpace also aims to develop an original rocket design, the liquid-fueled orbital rocket Zhuque-2.
