LandSpace
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
- Latest Round
- Secondary Market - $179.1M - April 2025
- 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