iSpace (Chinese company)

i-Space, formally Beijing Interstellar Glory Space Technology Co., Ltd. and based in Beijing, is a private Chinese space technology company that develops and operates small satellite launch vehicles using solid- and liquid-fueled orbital rockets. Founded in October 2016, the company made history in July 2019 when its Hyperbola-1 rocket became the first launch vehicle from a private Chinese company to reach orbit. i-Space raised 173 million dollars in Series B funding during 2020 and has used solid rocket motors sourced from the China Aerospace Science and Technology Corporation, though it experienced multiple launch failures between 2021 and 2022 before returning to success in 2023. The company is developing the Hyperbola-3, a reusable two-stage liquid-fueled rocket that had targeted a first flight in 2025.