
In which iSpace- Interstellar Glory in which it is the first Chinese Private Space Company to do so successfully commercially first out from sixty known private space companies in China People’s Republic of China… Founded in Beijing 2016 located in Beijing Economic and Technological Development Zone or known for short as E-Town in Capital of China – People’s Republic of China
With an annual production capacity of 20 rockets, iSpace’s super factory for
reusable liquid-fueled launch vehicles breaks ground, marking a significant step towards the stars. At 11:30 AM on November 5th, 2025, the groundbreaking ceremony for iSpace’s reusable liquid-fueled launch vehicle production headquarters project was held in Shuangliu District, Chengdu. This project aims to create a high ground for the “Made in Chengdu” launch vehicle industry and contribute to the rise of the Southwest commercial aerospace cluster!

Beijing Interstellar Glory Space Technology Co., Ltd. (referred to as “Interstellar Glory”) was established in October 2016, with Peng Xiaobo as the legal representative. The company is committed to developing excellent commercial launch vehicles and providing systematic launch solutions, providing global commercial aerospace customers with more efficient, higher-quality, and more cost-effective launch services, so as to greatly improve the ability of human beings to freely enter and exit space.

The company focuses on the research and development of intelligent launch vehicles, and provides integrated commercial launch services for global satellite and constellation customers.

“Interstellar Glory Completes RMB 700 Million in Series C and C+ Financing “
Recently, Beijing Interstellar Glory Space Technology Co., Ltd. (hereinafter referred to as “Interstellar Glory”) completed RMB 700 million in Series C and C+ financing , led by Xinding Capital and Sichuan Industrial Revitalization Fund Investment Group Co., Ltd. (hereinafter referred to as “Sichuan Industrial Fund”), and followed by Jingming Capital, Huizhu Capital, Anji Pinbolo, Shifang Hengxin Construction, Qianlima Fund and other institutions.

This round of financing will be used to lay out the final assembly production capacity of solid launch vehicles and defense businesses, and to accelerate the development of Hyperbola III reusable liquid launch vehicle technology. Among them, the C+ round of financing is a strategic investment in Star Glory by Sichuan Xingchuan and Sichuan Synergy, subsidiaries of Sichuan Industrial Fund, in conjunction with Shifang City, Deyang, etc., to open up an innovative cooperation model and through a three-level cross-regional linkage. Through this strategic financing, Star Glory has realized its layout in Shifang City, Deyang. Star Glory can make full use of Shifang’s aerospace industry chain, deepen the collaborative cooperation with Deyang local aerospace companies such as Hangyu Technology, Aisda, and Xinhangtai, and further drive the development of the Shifang aerospace industry chain.
This collaboration not only marks a new start for Star Glory in Shifang, Deyang, but also an important milestone in the layout of the aerospace industry in Sichuan Province. It demonstrates the achievements of Sichuan Province in guiding and accelerating the aerospace industry cluster, building a modern industrial system, and planning and cultivating future industries.

After the establishment of Interstellar Glory, it determined the “solid and liquid” development route of “starting with small solid rockets and focusing on reusable liquid launch vehicles”, and took the lead in realizing the first launch into orbit by a domestic private commercial rocket company. At present, Interstellar Glory’s first four-stage small solid launch vehicle Hyperbola No. 1 (SQX-1) has now entered the commercial launch stage. The company’s independently developed reusable liquid oxygen-methane engine Focus No. 1 (JD-1) has accumulated more than 12,000 seconds of ground test runs. The Hyperbola No. 2 verification rocket (SQX-2Y) has completed two vertical launch and vertical recovery flight tests in November and December 2023. The mission is the first domestic vertical take-off and landing test of the first stage of a full-scale liquid oxygen-methane rocket, which has achieved a major breakthrough in China’s aerospace reusable launch vehicle technology and provided strong technical support for the company’s medium-to-large liquid reusable launch vehicle Hyperbola No. 3 (SQX-3) that is being developed. The company’s 100-ton liquid oxygen-methane reusable engine (JD-2) has been developed. It is the largest reusable liquid oxygen-methane engine in China. JD-2 is undergoing intensive tests and has completed key tests such as full system test, secondary ignition, continuous variable thrust, mixture ratio pull-bias, high operating conditions, step-change thrust, and long-range test. Interstellar Glory ranks first in China in the development of liquid reusable technology.
Based on the experience accumulated by SQX-2/2Y, the development work of SQX-3 is being efficiently promoted around the first flight goal of “orbiting + recovery”. Both the rocket and ground products have been put into production and are expected to be delivered in January 2025. At that time, the SQX-3 simulated rocket will carry out sea tests and joint training. At present, Interstellar Glory has put into production three SQX-3 launch vehicles, and plans to complete the first “orbiting + sea recovery” flight test in December 2025 and the reuse flight test in June 2026 .
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