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LandSpace

LandSpace
The latest news and top stories on LandSpace. A leading entity in the aerospace sector, Beijing-based LandSpace specialises in developing liquid fuel rocket engines and commercial launch vehicles. It primarily serves Chinese private and commercial aerospace enterprises, aiming to provide cost-effective space transportation services globally. Notably, LandSpace achieved a world first in July 2023 with its methane-fueled Zhuque-2 rocket reaching orbit. The company focuses on building a comprehensive industrial chain for medium and large liquid oxygen-methane launch vehicles, including developing reusable rocket technology.
A rocket sits in the factory of Beijing Interstellar Glory Space Technology, a private rocket developer, in Wenchang, in south China’s Hainan province on December 30, 2025. Photo: Xinhua
China stock market

Chinese rocket shares slump after warnings on ‘irrational’ rally

Long-term prospects for sector are ‘very promising’, but market in the short term is ‘mainly driven by speculative sentiment’, analyst says.

IPO

Chinese rocket firm LandSpace moves towards US$1 billion IPO

China stock market

Launch window opens for China’s space companies as LandSpace advances IPO

Science

Second reusable rocket recovery failure in a month puts China 10 years behind US

Chinese state-owned and commercial developers are racing to catch up on a decade of the technology’s deployment.

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China’s Long March 12A, the country’s first state-owned reusable rocket, has failed on its debut launch on Tuesday morning. Photo: Weibo
Science

China’s first reusable rocket Zhuque-3 fails recovery, leaving US in the lead

Designer LandSpace says it is investigating after lower stage of the rocket appeared to catch fire before crashing near the recovery site.

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Taiwan

Hong Kong fire, Trump calls in Japan-China row, Macron visit

This week: Hong Kong fire kills at least 128, Trump speaks to Xi and Takaichi amid Japan-China row, Bessent says Xi and Trump may meet four times in 2026. Next week: France’s Macron visits China, EU economic security doctrine, November factory activity, and more.

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SCMP Highlights

China’s private defence firms; Beijing sets yuan fix: SCMP daily highlights

From a boon for Chinese private defence firms to a Beijing start-up grabbing Elon Musk’s attention, here’s a round-up from today’s coverage.

While China’s state-owned defence conglomerates continue to dominate weapons development, private companies have increasingly entered the sector in recent years under the country’s military-civil fusion strategy. Photo: Handout
China's space programme

Explainer | Why China’s space sector is grabbing attention – including from Elon Musk

Chinese start-up LandSpace is set to launch its first reusable rocket on Saturday. If it succeeds, it will give China’s space sector a major boost.

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China Future Tech briefing

Aerospace | Musk’s SpaceX faces China threat in reusable rocket race

At least nine reusable rocket projects are nearing maiden flights in China, posing a potential threat to Elon Musk-led SpaceX’s grip on the commercial satellite launch market.

US-China relations

From reusable rockets to deep-sea dives: how China closes tech gap on the West

China sees outer space and the polar regions as ‘strategic new frontiers’ vital to its future security – and is investing accordingly.

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Illustration: Lau Ka-kuen
Science

China prepares to bring home astronauts stranded on space station

Officials say ‘emergency plans’ have been activated, while sources say a new return vessel would be sent to replace one hit by debris.

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The new crew arrived on October 31, but plans to return the Shenzhou-20 crew remain in limbo. Photo: Xinhua
Science

China’s large reusable Tianlong-3 rocket passes 1,000-tonne thrust ‘major exam’

Three Chinese contenders are in final sprint to match SpaceX’s Falcon 9 orbital achievement by the end of this year.

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Aerospace: Policy

From space mining to tourism, China’s Guangdong blasts off in pursuit of Musk

Provincial government vows support for companies building low-orbit satellite constellations.

IPO

Rocketing to riches: China’s cash-hungry aerospace firms aim for IPOs

Bolstered by improved market sentiment, LandSpace and others seek funding in onshore markets to fuel growth.

A carrier rocket blasts off from the Jiuquan Satellite Launch Centre in northwest China. Photo: LandSpace
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