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DISPATCH 04/26 · 24 Oct 2026
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Company Dossier

LandSpace

LandSpace is a Beijing-based private Chinese launch company that in 2023 flew the world's first methane-fueled rocket to orbit and is now fielding the reusable Zhuque-3 to feed China's state megaconstellation build-out.

FILE · landspaceOpen-source file · BattlePolicy ProStatus Private, VC- and state-backed; STAR Market (Shanghai) IPO accepted for review (late 2025).Unverified
LandSpace
Space / LaunchCNPrivate, VC- and state-backed; STAR Market (Shanghai) IPO accepted for review (late 2025).
LandSpace is a Beijing-based private Chinese launch company that in 2023 flew the world's first methane-fueled rocket to orbit and is now fielding the reusable Zhuque-3 to feed China's state megaconstellation build-out.
Founded
2015Beijing
HQ
Beijing, China
Headcount
Undisclosed
Total raised
$300M+ across private roundscumulative est.; pre-IPO
Valuation
~$11B impliedSTAR Market IPO prospectus; pre-listing
Stage
Late-stage private; STAR Market IPO under regulatory review
Restricted · BattlePolicy Pro

The rest of the LandSpace file

  • ▸Background — founding, ownership and how the company got to here
  • ▸Financial footing — rounds, valuation, backers and who is exposed
  • ▸Customers & contracts — live join against our Procurement Tracker
  • ▸Leadership — who runs it, and the contact surface
  • ▸Competitive position — who it beats, who beats it, and on what
  • ▸Battlefield relevance — confirmed combat use versus company claim
  • ▸Sources — every citation this file is built on
  • ▸Analyst verdict — where the evidence is thin and what would change our call
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