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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 (also known as iSpace China or Interstellar Glory) was the first Chinese private company to reach orbit with its Hyperbola-1 rocket in 2019. The company is now developing the reusable Hyperbola-2 (SQX-2) liquid-fueled 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.
Rank 55 of 156 ranked companies. With the pillars we have not measured for this company filled at the 10th and 90th percentiles of the companies we did measure, and every other company held at its published total, the rank is likely between 43 and 70.
3 of 7 inputs measured · Medium confidence · 81% of applicable weight backed by data
Not measured: 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 2026-10-10 (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
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.
Checking for a discussion…
Compiled Oct 10, 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 10). i-Space: Company dossier [Data set]. Retrieved October 10, 2026, from https://spacenexus.us/company-profiles/i-space-china
Chicago
SpaceNexus. "i-Space: Company dossier." Data as of October 10, 2026. Accessed October 10, 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 = {2026-10-10},
note = {Data as of 2026-10-10; 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