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iSpace (China)

Beijing launch startup, not the Japanese lunar company of the same name, that was China's first private firm to reach orbit (2019) and is building Hyperbola-3, a reusable methane rocket, backed by one of the largest rounds in Chinese launch. (1 product in the atlas)

Products, by altitude

Launch · From the pad to orbit

  • In development

    Hyperbola-3

    Reusable methane rocket with a first stage recovered at sea

Known rounds

DateRoundAmountLed by
Aug 2026Series E (first tranche, nearly CNY 1 billion)——⁠1
Feb 2026Series D++$729MTongchuang Weiye, Jingming Capital⁠2
Sep 2025Series D+$98M—⁠3
Sep 2024Series C and C+$99M—⁠4
Aug 2020Series B$174MBeijing Financial Street Capital Operation Center⁠5

Milestones

  • Jul 2019 Hyperbola-1 reached orbit, the first orbital launch by a Chinese private company.⁠6

Sources

  1. TechNodeAug 5, 2026
  2. SpaceNewsFeb 13, 2026
  3. State Space Agency of Ukraine newsFeb 12, 2026
  4. DealStreetAsiaSep 6, 2024
  5. Yicai GlobalAug 25, 2020
  6. SpaceNewsJul 25, 2019
  7. Jiemian company profile
  8. SpaceNewsAug 12, 2026

Updated Oct 22, 2026 · How we source facts · Suggest a correction