Founded in 2020, Orienspace develops and manufactures launch vehicles, rocket engines and space information equipment, including the Gravity rocket family, Force-110 engines and Hongli space information products. The company operates R&D centers, rocket assembly and integration testing centers, and launch bases in Haiyang, Beijing, Xi’an, Wuxi and Wenchang. Orienspace is advancing Gravity-2, a 70-meter, two-stage reusable liquid-propellant rocket powered by nine Force-110 kerosene-LOX engines, and plans to have Gravity-2 ready for launch in Q4 of this year according to reports. Orienspace has conducted multiple Gravity-1 launches, including a third solid rocket launch from the East China Sea in late July, and was one of four commercial firms shortlisted for future space station cargo transport missions. The company has raised more than 1.7 billion yuan across five funding rounds and recently secured a pre-C round of several hundred million yuan to fund R&D and production.

Total raised

$144M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2024