O
Orienspace
Aims to expand development space, allow people to enjoy space civilisation, and supplement global space launch capabilities
About Orienspace
Orienspace Technology (Shandong) Co., Ltd., operating as Orienspace, is a commercial space launch enterprise established in China in June 2020. The company was co-founded by Yao Song, who serves as Co-CEO. Before Orienspace, Yao Song founded and led Shenjian Technology, a deep-learning chip platform, which was later acquired by Xilinx. His background in technology and venture capital informs his vision of aggressively competing in the commercial space sector, particularly targeting the satellite internet constellation market.
The company's business model is centered on designing, manufacturing, and operating a series of launch vehicles to provide launch services for commercial and government clients. Revenue is generated through launch contracts, and Orienspace has already secured orders for the launch of hundreds of satellites. The primary market is the rapidly growing Chinese commercial space sector, with a focus on deploying large-scale satellite constellations for applications like global weather forecasting and satellite internet. The company operates an assembly, integration, and test center in Haiyang, Shandong Province, which supports its strategy of conducting flexible and cost-effective sea launches from mobile platforms in the Yellow Sea.
Orienspace's flagship product is the Gravity-1 rocket, which had its successful maiden flight on January 11, 2024. This launch set a record for the most powerful solid-fuel carrier rocket globally and the most powerful commercial rocket in China to date. Gravity-1 is an expendable, solid-propellant vehicle capable of delivering a 6.5-ton payload to Low Earth Orbit (LEO) or 4.2 tons to a 500-km Sun-Synchronous Orbit (SSO). Its design, featuring a core stage with four strap-on boosters, is optimized for the rapid deployment of multiple satellites, with a reported launch cost of approximately $5,000 per kilogram.
Looking ahead, Orienspace is developing the more powerful and partially reusable Gravity-2 rocket, with a debut anticipated around the end of 2025. Gravity-2 will feature a liquid-fueled, reusable core stage powered by nine Yuanli-85 engines and will have a payload capacity of 25.6 tons to LEO. An enhanced variant with solid boosters is also planned. The long-term roadmap includes the heavy-lift Gravity-3, which aims to support large-scale constellation deployment and lunar exploration missions.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Dongcheng District, China
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 88.9/100
- Industry
- Space
- Sector
- Space, Space Tech, Launch Vehicles, Space Transportation, Space Upstream, Hard Tech, DT and LS, science-based
- Technology
- Hardware, Deep Tech, Autonomous & Sensor Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Jan 2024 | $84M | $337M | Bohua Capital Management · Shanhang Capital | ↗ |
| SERIES AOther financing | May 2022 | $60M | $240M | Pagoda · Vision Plus Capital · CMBC Capital · MiHoYo | ↗ |
Growth signals
Latest recorded traffic for Orienspace is 250 monthly website visits, up 8.7% over the last three months. Orienspace's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A20 investors entered at this stage
Legend Star
ZhenFund
Z&H Investment
Turing Ventures
Huakong Electronics (Tianjin) Investment Management
MSA Capital
Sky9 Capital- K2K2VC
MiraclePlus- SCShenzhen Yihe Capital
- BIBeijing Dinghe Pagoda Investment
- HCHuilong Capital
Hike Capital
Pagoda
Vision Plus Capital
CMBC Capital
MiHoYo- MIMinyin International
- BMBohua Capital Management
- SCShanhang Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Orienspace on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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