Chinese Startup iSpace Launches Suborbital Rocket

Hyperbolic XQS-1X rocket (Credit: iSpace)

Chinese commercial launch provider iSpace successfully launched its Hyperbola-1Z suborbital booster with three payloads aboard from the Jiuquan Satellite Launch Center on Wednesday at 1 p.m. local time (0500 UTC), according to media reports.

The 9-meter (29.5-foot) tall, single stage solid-fuel rocket reached an altitude of 175 km (108 miles) and deployed the three suborbital payloads. One of the payloads parachuted back to Earth, media reports say.

In April, the company launched the suborbital Hyperbola-1S rocket to an altitude of 40 km (29.85 miles).

iSpace completed a series A round of fundraising in July that brought the total amount raised to 600 million yuan ($90 million) in 2018. The round was led by Matrix Partners China.

The company has plans to develop an orbital satellite launcher as well as a space plane.