About Space Tech sector in China
The Space Tech sector in China comprises 108 companies, including 51 funded companies having collectively raised $3.4B in venture capital money and private equity. Out of these, 25 are Series A+ funded, and 1 has achieved unicorn status.
Space Tech sector in China has seen 1 IPO.
This sector includes newspace is an industry in which private companies, startups and entrepreneurs try to build products for Space.
Space Tech sector is also known as Space Technology or New Space.
Companies(non-governmental) which develop spaceflight technologies for commercial space market. Companies developing new launch systems, satellites, spacecrafts, new propulsion systems, new antenna systems, etc. principally with private funding. Also includes companies providing space services such as tourism, satellite communication, imaging, space burial services etc. Government space agencies, companies highly reliant on govt. agencies, defence grants and projects are excluded.
Top Space Tech Companies in China
There are 108 Space Tech startups in China which include Landspace, Deep Blue Aerospace, Galactic Energy, iSpace, Beijing Space Pioneer Technology. Out of these, 51 startups are funded, with 25 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 5 new companies have been launched annually. Notably, several of these startups have been founded by alumni of The Chinese University of Hong Kong (CUHK), Tsinghua University and University of Manchester.
Here is the list of top Space Tech startups in China

1. Landspace
LandSpace develops launch vehicle systems to provide launch mission services. It has its proprietary commercial launch vehicles ZQ-1 and ZQ-2. It also has its proprietary propulsion systems Tianque(TQ) 80t Thrust -Level LRE (liquid-fuel rocket engine) and Phoenix 10t Thrust- Level LRE.
Key facts about Landspace
- Founded Year: 2016
- Location: Beijing (China)
- Stage: Series C
- Total Funding till date: $335M
- Investors: China Growth Capital, Sequoia Capital and 18 Others
- Latest Funding Round: Series C, Sep 09, 2020, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 12 of 202 Competitors
Developer of liquid-propellant rocket engines and reusable launch vehicle technologies. The company focuses on creating engines and launch vehicles. It designs and manufactures rocket components. The company also develops recovery and reuse technologies for its launch systems.
Key facts about Deep Blue Aerospace
- Founded Year: 2016
- Location: Wuxi (China)
- Stage: Series B
- Total Funding till date: $102M
- Investors: henglubank.com, Shunwei Capital and 7 Others
- Latest Funding Round: Series B, Mar 06, 2025, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 12 of 202 Competitors
Manufacturer of commercial launch vehicles for small payloads. It has developed solid and liquid propellant launch vehicles, which are carrier rockets for the narrow-band IoT-based network construction and constellation supplement launches. Its in-house engines portfolio includes liquid-propellant engines that are reusable open cycle kerosene engines with variable thrusts, and solid propellant engines with variable thrusts. It also offers launching services with multiple launch plan options.
Key facts about Galactic Energy
- Founded Year: 2018
- Location: Beijing (China)
- Stage: Series D
- Total Funding till date: $742M
- Investors: Dahua Group, Ziyang Heavy Industry Fund and 20 Others
- Latest Funding Round: Series D, Sep 28, 2025, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 16 of 202 Competitors

4. iSpace
iSpace develops and provides commercial launch vehicles and launch solutions. The product portfolio includes Hyperbola-1 (a small solid rocket that uses four-stage tandem configuration, operates in a low-earth orbit, and carries a capacity of 300kg), Hyperbola-3 (LEO based two-stage reusable liquid carrier rocket/launch vehicle with a diameter of 2.5m and a total length of 38m), and sub-orbital travel concept spaceship. The company claims its launch vehicles to have multiple features including low cost, fast response, and flexibility. Additionally, the company also provides launch services to its customers. Clientele includes SpaceX, NASA, ESA, Blue Origin, etc.
Key facts about iSpace
- Founded Year: 2016
- Location: Beijing (China)
- Stage: Series C
- Total Funding till date: $273M
- Investors: Financial Street Capital Operation Center, CDH and 10 Others
- Latest Funding Round: Series C, Sep 06, 2024, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 20 of 202 Competitors
Developer of launch vehicles for large payloads. It provides users with building launching systems for large payloads, such as satellites, spacecraft and supplies. Its features include a liquid rocket engine, launch schedules, and transportation solutions.
Key facts about Beijing Space Pioneer Technology
- Founded Year: 2015
- Location: Fengtai (China)
- Stage: Series D
- Total Funding till date: $973M
- Investors: BOCHK Asset Management, Hunan Gaoxin Zongheng and 17 Others
- Latest Funding Round: Series D, Oct 09, 2025, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 24 of 202 Competitors
Companies founded year-on-year in the Space Tech sector in China
17 Space Tech startups in China were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 7 |
2023 | 2 |
2022 | 6 |
2021 | 7 |
2020 | 6 |
2019 | 3 |
2018 | 17 |
2017 | 8 |
Stage-wise distribution of Space Tech sector companies in China
Out of the total 108 Space Tech companies in China, 51 have secured funding. Among them, 25 have reached Series A or higher, and 15 to Series B or beyond.
Founded - 108
Funded - 51
Series A+ - 25
Series B+ - 15
Series C+ - 10
Company Stage | No. of companies |
|---|---|
Founded | 108 |
Funded | 51 |
Series A+ | 25 |
Series B+ | 15 |
Series C+ | 10 |
Funding Trends in the Space Tech sector in China
Total funding year-on-year in the Space Tech sector in China
The Space Tech sector in China saw a total funding of more than $3.4B in the last 10 years. The most amount of funding was in 2025 at more than $799M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $799M |
2024 | $422M |
2023 | $256M |
2022 | $359M |
2021 | $261M |
2020 | $752M |
2019 | $142M |
2018 | $208M |
2017 | $180M |
Recent Funding Rounds in Space Tech in China
In the year 2025, till October 2025, Space Tech companies in China have raised $799M in equity funding across 6 rounds.
In the same period last year (i.e. till October 2024), Space Tech companies in China had raised $390M across 9 rounds.
So, 2025 has seen a 105.03% rise in funding in Space Tech companies in China as compared to 2024.
Here are some recent, important funding rounds in Space Tech companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series D | 4008 | Oct 09, 2025 | ||
Series A | 6679 | Sep 28, 2025 | and 2 more | |
Series D | 6178 | Sep 28, 2025 | - | |
Series D | 8079 | Sep 2025 | and 4 more | |
Series B | 9318 | Mar 06, 2025 |
Top Investors in Space Tech in China
VU Venture Partners is the top investor in Space Tech companies in China based on number of companies invested.
Here are some top investors in Space Tech companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Austin (United States) | - | |
Sunnyvale (United States) | - | |
Menlo Park (United States) | - | |
Chaoyang (China) | ||
Beijing (China) |
IPOs in Space Tech in China
In the year 1996, till June 1996, 1 IPO happened in Space Tech sector in China.
Here are some recent, important IPOs in Space Tech sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 19, 1996 | Hong Kong Exchanges (HKG) |
Colleges which produce the most Space Tech companies in China
Companies founded by alumni from top colleges in the Space Tech in China
Most number of Space Tech startups in China have been founded by alumni from The Chinese University of Hong Kong (CUHK), Tsinghua University and University of Manchester.
College | No. of companies |
|---|---|
The Chinese University of Hong Kong (CUHK) | 1 |
Tsinghua University | 1 |
University of Manchester | 1 |
Top News in Space Tech in China
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Galactic Energy Launches Eight Satellites, Plans Ceres-2 and Pallas-1 DebutsSpaceNews•Mar 17, 2025•Galactic Energy
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China's commercial CERES 1 rocket launches satellites from seaChina Daily•Dec 20, 2024•Galactic Energy
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China nears record launch year with Ceres-1 and SAR satellite missionsSpaceNews•Dec 19, 2024•Galactic Energy
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Landspace completes 10-kilometer reusable rocket test, eyes 2025 orbital launchSpaceNews•Sep 11, 2024•Landspace
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