Orienspace

Orienspace (also named Orien Space Shandong Technology and oSpace) is a Chinese private space launch enterprise founded in 2020 and developing the medium-class orbital launch vehicle named Gravity-1 (Yinli-1). Intended for a first flight in 2023, the rocket would have the capacity of lifting a 3-tonne payload to LEO.[1]Orienspace is headquartered in Jinan, Shandong, and has liaison offices in Qingdao and Shanghai.

In June 2021, the company raised $62 million in funding.[2][3]

In November 2021 the company appointed Yao Song as Co-CEO who was formerly founder of Shenjian Technology, a company that developed semiconductors for autonomous driving, smart security, cloud computing, and AI.[4]

In January 2022 the company has secured nearly $47.3 million in its pre-Series A round of financing to develop powerful rocket engines.[5]

In May 2022 the company has raised $59.9 million in a Series A funding round.[6]

In November 2022 the company revealed its launch service plan, confirming their maiden flight of Gravity-1 for mid-2023 and introducing two rideshare opportunities for the fourth quarter of 2023 and the first quarter of 2024, with a total of 10 launches planned between 2024 and 2025.[7] In March 2023 the date of the maiden flight has been moved to Q4 2023, with the following rideshare opportunities to take place starting from the second quarter of 2024.[8]

Marketplace

Orienspace is in competition with several other Chinese space rocket startups, being Galactic Energy, LandSpace, LinkSpace, ExPace, i-Space, OneSpace and Deep Blue Aerospace.

References

  1. "Rocket Report: NASA boosts commercial launch, another Chinese Falcon 9?". Ars Technica. 28 January 2022. Retrieved 2022-01-31.
  2. "twitter.com/AJ_FI/status/1486309712660475911". twitter.com. Retrieved 2022-01-31.[self-published]
  3. "东方空间完成近3亿元 PreA轮融资,加速产品研发及高效体系建设". mp.weixin.qq.com. Retrieved 2022-01-31.
  4. "#SpaceWatchGL Column: Dongfang Hour China Aerospace News Roundup 1–7 November". SpaceWatch.Global. 10 November 2021. Retrieved 2022-01-31.
  5. "Chinese Rocket Newbie Orien Space Bags USD47.3 Million in Pre-A Round". yicaiglobal.com. Retrieved 2022-01-31.
  6. "Chinese launch startup Orienspace raises $59.9 million in Series a round". 20 May 2022.
  7. "东方空间发布引力-1 号发射服务计划:2024-2025 年将提供 10 发整箭发射服务" [Dongfang Space released the Gravity-1 launch service plan: 10 rounds of whole rocket launch services will be provided in 2024-2025] (in Chinese). 23 November 2022. Retrieved 23 November 2022.
  8. China 'N Asia Spaceflight [@CNSpaceflight] (8 March 2023). "ORIENSPACE now targets the 4th quarter of 2023 for the maiden launch of Gravitation-1 and the second quarter of 2024 for the 2nd launch. There are still ~1 tonnes and ~2 tonnes capacity respectively available for additional customers" (Tweet) via Twitter.


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