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i-Space became the first Chinese private company to reach orbit, with its Hyperbola-1 rocket in 2019, and is now developing the reusable, liquid-fueled Hyperbola-2.
ACTIVEi-Space (Interstellar Glory) is a Beijing-based private launch company. In 2019 its Hyperbola-1 (SQX-1) rocket made it the first Chinese private launch company to reach orbit, and it is now developing the Hyperbola-3 (SQX-3) medium-to-large reusable launch vehicle.
i-Space made history in July 2019 when its Hyperbola-1 solid-fuel rocket became the first orbital launch vehicle from a Chinese private company to reach space. The company is now developing Hyperbola-2 (SQX-2), a reusable liquid-fueled launch vehicle that has undergone hop tests and is designed to provide lower-cost access to orbit. i-Space is one of the pioneering companies in China's rapidly growing commercial launch sector.
Not ranked: Only 44% of applicable weight is backed by data; 50% is needed to rank.
2 of 7 inputs measured · Insufficient data · 44% of applicable weight backed by data
Not measured: Headcount, Market value, Reported revenue
Not measured: Open-role change (90 days)
Not measured: Launch success rate (12 months)
A pillar score averages the company’s percentiles among the tracked companies with a value: relative standing, not a grade. Inputs measured 2026-10-13 (UTC) · methodology v6. Every input, its value and percentile · How it is computed
The Space Score ranks companies relative to each other on public data we hold. It describes; it does not rate, forecast or recommend. It is not a credit rating and not investment advice. Full disclaimer
Sources: Founded, Headquarters, CEO, Legal name
For information only, not investment advice. SpaceNexus is not a registered investment adviser, broker or dealer, and nothing here is a recommendation to buy, sell or hold any security. Data may be delayed, estimated or incomplete; check the source before acting. Full disclaimer
1 private round on record. Debt, grants, state capital, owner funding and acquisitions are listed under Funding history by class and not added in.
Four-stage solid-propellant small launch vehicle. First Chinese private rocket to reach orbit (July 2019). Designed for rapid small satellite deployment.
Reusable two-stage methane/LOX launch vehicle (JD-1 engines). A test vehicle flew VTVL hops in 2023, but i-Space suspended orbital development in July 2023 in favour of Hyperbola-3.
Checking for a discussion…
Compiled Oct 13, 2026 from 6 public records. Every figure links the record it comes from.
Latest sourced round
Series D++: CN¥5.04B (about $729.9M)
Co-led by Tongchuang Weiye (Cowin Capital) and Jingming Capital. Dollar figure converted at 0.144904 CNY/USD (ECB euro foreign exchange reference rates) on Feb 12, 2026
Source: 36Kr Europe
Announced Feb 12, 2026
Sourced rounds on record
4 rounds, $828.4M disclosed
2 with no amount disclosed
Published rounds with a source link only, on the same rules as the funding tracker. Each round links the source that states its figure; amounts in other currencies are converted to dollars at the rate shown on the funding tracker.
Source: 36Kr Europe
Latest round Feb 12, 2026
Also: Shanghai Securities News via Eastmoney, SpaceNews, SpaceNews
Launches flown as provider
1 since Nov 18, 2024
none failed. Latest: Hyperbola-1 | Kunpeng-03
Our launch record starts Nov 18, 2024; earlier launches are not counted here. Every kind of launch in the feed counts, crewed, lunar and station missions included.
Source: Launch Library 2 launch record
Latest launch Jul 29, 2025
Chengdu Industry Group
Took part in Series D++ (Feb 12, 2026)
36Kr Europe, Feb 12, 2026
Jingming Capital
Co-led Series D++ (Feb 12, 2026)
36Kr Europe, Feb 12, 2026
Took part in Series D++ (Feb 12, 2026)
36Kr Europe, Feb 12, 2026
Qianlima Capital
Took part in Series D++ (Feb 12, 2026)
APA
SpaceNexus. (2026, October 13). i-Space: Company dossier [Data set]. Retrieved October 13, 2026, from https://spacenexus.us/company-profiles/i-space-china
Chicago
SpaceNexus. "i-Space: Company dossier." Data as of October 13, 2026. Accessed October 13, 2026. https://spacenexus.us/company-profiles/i-space-china.
BibTeX
@misc{spacenexus_ispace_2026,
author = {{SpaceNexus}},
title = {{i-Space}: Company dossier},
year = {2026},
month = oct,
howpublished = {\url{https://spacenexus.us/company-profiles/i-space-china}},
url = {https://spacenexus.us/company-profiles/i-space-china},
urldate = {2026-10-13},
note = {Data as of 2026-10-13; each fact links its primary source}
}36Kr Europe, Feb 12, 2026
Spring Partners
Took part in Series D++ (Feb 12, 2026)
36Kr Europe, Feb 12, 2026
Tongchuang Weiye (Cowin Capital)
Co-led Series D++ (Feb 12, 2026)
36Kr Europe, Feb 12, 2026
Chengdu Konggang Innovation and Entrepreneurship Investment fund
Took part in Series D+ (first close) (Sep 18, 2025)
Shanghai Securities News via Eastmoney, Sep 18, 2025
Chengdu Major Industrialization Project Phase II Equity Investment Fund (Chengdu Advanced Capital)
Recorded as lead of Series D+ (first close) (Sep 18, 2025)
Shanghai Securities News via Eastmoney, Sep 18, 2025
Chengdu Yingyuan Private Fund Management fund
Took part in Series D+ (first close) (Sep 18, 2025)
Shanghai Securities News via Eastmoney, Sep 18, 2025
Sichuan Tianfu Xinyun Digital Economy Development Fund
Recorded as lead of Series D (Mar 11, 2025)
SpaceNews, Mar 11, 2025