CAS Space
A leading Chinese mixed-ownership commercial aerospace enterprise specializing in the development of multi-series carrier rockets, customized launch services, and in-orbit manufacturing solutions.
- CEO / Founder
- Yang Yiqiang
- Team Size
- 500+
- Stage
- Operational status for solid-fuel launches; engineering and test flight stage for medium-lift liquid and reusable rockets (Kinetica-2 maiden flight scheduled for 2025).
- Total Funding
- $176.4M
- Latest Round
- IPO Guidance (Aug 2025)
- Key Investors
- ["CAS Star","Guangzhou Industrial Investment","Yuexiu Industrial Fund","Cloudstone Venture","CAS Capital","Sequoia China"]
Technology & Products
Key Products
["Lijian-1 (Kinetica-1): Four-stage solid-fuel rocket, currently China's largest solid carrier rocket in operation.","Lijian-2 (Kinetica-2): Medium-lift liquid-propellant rocket (LOX/Kerosene) with planned partial reusability (maiden flight 2025).","Qingzhou-1 (Light Boat): Low-cost cargo spacecraft system for space station logistics.","Lihong Series (Kinetica-H): Suborbital vehicles for microgravity scientific experiments and future commercial space tourism.","In-Orbit Manufacturing Services: Specialized laser wire-fed metal additive manufacturing for space-based construction."]
Technological Advantage
Maintains a 'Dual Launch' capability (Solid & Liquid) and is the only domestic commercial firm with dedicated launch pads for both types. Its technological lead includes space-based 3D printing (metal AM) and the use of cost-effective, high-reliability stackable satellite deployment systems.
Market & Competition
Target Customers
Commercial satellite operators, government space agencies (CAS, CNSA), research institutes, and future space tourism participants.
Industry Verticals
["Satellite Internet & Telecommunications","Space Logistics & Cargo Transport","Remote Sensing & Earth Observation","Aerospace Manufacturing","Scientific Research & Microgravity Testing"]
Competitors
["LandSpace (蓝箭航天)","Galactic Energy (星河动力)","Space Pioneer (天兵科技)"]