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LandSpace

ApplicationBeijing, ChinaFounded 2015· One of 381 Application companies tracked by AMPulse

Develops and launches medium-to-large liquid oxygen-methane reusable rockets (Zhuque series) with metal additive manufacturing for critical engine components, reducing production cycles and enabling rapid design iteration.

CEO / Founder
Changwu Zhang
Team Size
1001-5000
Stage
Established
Total Funding
$485M
Key Investors
China Growth Capital; Lightspeed China Partners; National Manufacturing Transformation and Upgrading Fund; Luxin Venture Capital; Zhangjiang Hi-Tech

Technology & Products

Key Products

Zhuque-2 rocket; Zhuque-3 reusable rocket; Tianque series liquid oxygen-methane engines

Technological Advantage

Claims: Metal AM enables complex engine structures unachievable with conventional methods, reducing production cycles. Verified: Partnerships with BLT for metal 3D printed parts (e.g., joint elements, igniter mounts) used in successful launches. Advantage is replicable but supported by proprietary rocket design.

Differentiation

Value Proposition

Reduces rocket engine component production time by leveraging metal 3D printing for complex structures, cutting lead times and supporting faster development cycles for reusable launch vehicles.

How They Differentiate

Focuses on liquid oxygen-methane propulsion with metal AM for engine components, unlike competitors using different propellants or less integrated AM; first to orbit with methane rocket in 2023, but lags in reusability scale vs. SpaceX.

Market & Competition

Target Customers

Satellite operators, commercial space launch customers, government space agencies

Industry Verticals

Aerospace; Defense; Satellite Launch Services

Competitors

SpaceX; Blue Origin; iRocket

Growth & Milestones

Growth Metrics

Cumulative losses of nearly 36 billion CNY (2022-2025 H1) despite rising revenue; filed for $1 billion IPO on Shanghai's Star Market in 2025.

Major Milestones

2015: Founded; 2018: First private Chinese rocket launch; 2023: Zhuque-2 becomes first methane rocket to reach orbit globally; 2025: Files for IPO, develops Zhuque-3 reusable rocket

Notable Customers

China Star Network; Yuanxin Satellite

https://www.landspace.com

Recent coverage of LandSpace

Why this company matters

LandSpace is a Beijing-based aerospace company developing medium-to-large liquid oxygen-methane reusable rockets under the Zhuque series. It became the first private Chinese firm to achieve orbital launch with a methane rocket (Zhuque-2) in 2023, positioning itself as a challenger to SpaceX and Blue Origin in the commercial launch market. The company integrates metal additive manufacturing for critical engine components, reducing production cycles and enabling rapid design iteration for complex structures unachievable with conventional methods.

The core technology centers on the Tianque series liquid oxygen-methane engines, with metal 3D printing used for parts such as joint elements and igniter mounts. LandSpace partners with BLT for metal AM components, which have been used in successful launches. This approach cuts lead times and supports faster development cycles for reusable launch vehicles, including the upcoming Zhuque-3.

Target customers include satellite operators, commercial space launch customers, and government space agencies. Named clients include China Star Network and Yuanxin Satellite. The company has raised $485 million from investors including China Growth Capital and Lightspeed China Partners, and filed for a $1 billion IPO on Shanghai's Star Market in 2025. Despite rising revenue, cumulative losses reached nearly 36 billion CNY from 2022 to the first half of 2025.

LandSpace's strategic moat lies in its first-mover status for methane orbital launch in China and its proprietary rocket design, but it lags behind SpaceX in reusability scale. The integration of metal AM provides a replicable advantage, though the company's long-term competitiveness depends on successfully scaling the Zhuque-3 reusable rocket and managing financial losses.