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Startups

China’s first private commercial rocket makes it into orbit

iSpace successfully launches Hyperbola-1 after failures by two other companies

The SQX-1 Y1 is the most powerful rocket ever developed by a private Chinese company.

BEIJING -- iSpace, a Beijing-based private rocket company and China’s answer to SpaceX, said it has successfully launched its prototype “SQX-1 Y1” solid rocket from Jiuquan Satellite Launch Center, at around 1:10 pm Beijing Time today.

The event marked the first successful rocket launch into the orbit by a private Chinese company. The “SQX-1 Y1” is also the most powerful rocket ever developed by a private Chinese company.

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