# iSpace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ispace-2

- Industry: Aerospace
- Headquarters: Beijing, China
- Website: www.i-space.com.cn
- Total disclosed funding: $1.2B
- Latest round: Series D (Feb 9, 2026)
- Investors on record: 52

## About

Founded in 2016 and based in Beijing, China, Interstellar Glory Aerospace Technology Group Co., Ltd., dba iSpace, is a commercial launch vehicle developer that focuses on the development and design of launch vehicles and spacecraft. The company's team members come from the fields of technology research and development, business management, consulting and other fields. It has cooperated with aerospace companies such as Hangyu Technology, Aisda, and Xinhangtai. In February 2026, iSpace raised CNY 5.037 billion in Series D++ funding co-led by new investor Cowin Capital and returning investor Jingming Capital, with participation from returning investors Spring Partners, Qianlima Fund, CDH Investments, Vision Capital, Xin Ding Capital, Shuairan Investment Management, Chengdu Science and Technology Venture Capital Group, Chengdu Airport Innovation and Entrepreneurship Investment and new investors Capitallink, Classy Solid Asset Management, Turingpe, Capital Nuts, Lingyang Fund, Loongson Baifu Venture Capital, Shenzhen Guozhong Venture Capital, JIC Investment, GP Capital, Guangdong Technology Financial Group, G&O, Yulu Capital, Xuansu Investment, Chengdu Jiaozi Industrial and Commercial Fund.
The company mainly develops small solid rockets and reusable liquid launch vehicles. Its products include the Hyperbola-1 small solid rocket (SQX-1), the Hyperbola-2 verification rocket (SQX-2Y), the Hyperbola-2 reusable liquid launch vehicle (Hyperbola-2), the suborbital space tourism concept aircraft, the Focus-1 liquid rocket engine (JD-1), the Focus-2 liquid oxygen-methane engine, and the Star Control-1 core equipment.
The company generates revenue by developing commercial launch vehicles, such as small solid rockets and reusable liquid launch vehicles and providing launch services.

## Funding rounds

- Series D, Feb 9, 2026, $726M — CDH Investments, Guangdong Technology Financial Group, GP Capital, Cowin Capital, JIC Investment, Chengdu Science and Technology Venture Capital Group, Capital Nuts, Xin Ding Capital, Shenzhen Guozhong Venture Capital, Jinpu (Xiamen) Equity Investment Fund Management, Classy Solid Asset Management, Zhuoyuan Capital, Shuairan Investment Management, Chengdu Airport Innovation and Entrepreneurship Investment, Kailin Capital, Dianshi Fund, Spring Partners, Zhejiang Yingyuan Investment Management, Loongson Baifu Venture Capital, Jingming Capital, Turingpe, Vision Capital, G&O, Shandong Longxin Equity Investment Management, Qianlima Fund, Lingyang Fund, Capitallink, Xuansu Investment
- Series D, Sep 18, 2025, $98M — Chengdu Science and Technology Venture Capital Group, Chengdu Airport Innovation and Entrepreneurship Investment, Vision Capital
- Series C, Sep 5, 2024, $99M — Xin Ding Capital, Sichuan Industrial Promotion Capital, Jingming Capital, Shifang Hengxin Construction Investment, Qianlima Fund, Huizhu Capital
- Series B, Aug 25, 2020, $175M — Hong Shan, CDH Investments, China International Capital Corporation, Shanghai International Group, CITIC Securities, China Merchants Securities, MPC, Taizhonghe Capital, CICC Alpha, Beijing Financial Street Capital Operation Group, Spring Partners
- Series A, Jul 2, 2019 — MPC, Beijing Wode Rongjin Investment, Jinggang Hezhong Energy Science and Technology
- Series A, Jan 3, 2019, $15M — CDH Investments, MPC, Dianke Venture
- Series A, Jun 30, 2018, $91M — Venture Capital Fund of New England, Fosun International, Shunwei Capital, Didi Chuxing, Baidu Ventures, MPC, Shuairan Investment Management, Citic Juxin
- Angel, Nov 14, 2017 — CITIC Trust PE, Jiutai Lanshan Investment Management, Nangang Holdings

## Investors

- CITIC Trust PE (https://capitalatlas.ai/funds/citic-trust-pe) — Angel
- Jiutai Lanshan Investment Management (https://capitalatlas.ai/funds/jiutai-lanshan-investment-management) — Angel
- Nangang Holdings — Angel
- Venture Capital Fund of New England (https://capitalatlas.ai/funds/venture-capital-fund-of-new-england) — Series A
- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- Didi Chuxing — Series A
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series A
- MPC — Series A, Series B
- Shuairan Investment Management — Series A, Series D
- Citic Juxin — Series A
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series A, Series B, Series D
- Dianke Venture (https://capitalatlas.ai/funds/dianke-venture) — Series A
- Beijing Wode Rongjin Investment — Series A
- Jinggang Hezhong Energy Science and Technology — Series A
- Hong Shan — Series B
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- Shanghai International Group — Series B
- CITIC Securities — Series B
- China Merchants Securities — Series B
- Taizhonghe Capital — Series B
- CICC Alpha (https://capitalatlas.ai/funds/cicc-alpha) — Series B
- Beijing Financial Street Capital Operation Group — Series B
- Spring Partners — Series B, Series D
- Xin Ding Capital (https://capitalatlas.ai/funds/xin-ding-capital) — Series C, Series D
- Sichuan Industrial Promotion Capital — Series C
- Jingming Capital (https://capitalatlas.ai/funds/jingming-capital) — Series C, Series D
- Shifang Hengxin Construction Investment — Series C
- Qianlima Fund (https://capitalatlas.ai/funds/qianlima-fund) — Series C, Series D
- Huizhu Capital — Series C
- Chengdu Science and Technology Venture Capital Group (https://capitalatlas.ai/funds/chengdu-science-and-technology-venture-capital-group) — Series D
- Chengdu Airport Innovation and Entrepreneurship Investment — Series D
- Vision Capital — Series D
- Guangdong Technology Financial Group (https://capitalatlas.ai/funds/guangdong-technology-financial-group) — Series D
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series D
- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series D
- JIC Investment — Series D
- Capital Nuts (https://capitalatlas.ai/funds/capital-nuts) — Series D
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series D
- Jinpu (Xiamen) Equity Investment Fund Management — Series D
- Classy Solid Asset Management (https://capitalatlas.ai/funds/classy-solid-asset-management) — Series D
- Zhuoyuan Capital — Series D
- Kailin Capital — Series D
- Dianshi Fund (https://capitalatlas.ai/funds/dianshi-fund) — Series D
- Zhejiang Yingyuan Investment Management — Series D
- Loongson Baifu Venture Capital (https://capitalatlas.ai/funds/loongson-baifu-venture-capital) — Series D
- Turingpe (https://capitalatlas.ai/funds/turingpe) — Series D
- G&O (https://capitalatlas.ai/funds/g-o) — Series D
- Shandong Longxin Equity Investment Management (https://capitalatlas.ai/funds/shandong-longxin-equity-investment-management) — Series D
- Lingyang Fund — Series D
- Capitallink — Series D
- Xuansu Investment — Series D