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Orienspace

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Aims to expand development space, allow people to enjoy space civilisation, and supplement global space launch capabilities

Dongcheng District, ChinaFounded 2020Space
Valuation $100–250M Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Orienspace and the history behind them.

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 data

At 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

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Orienspace website traffic

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.

Latest monthly visits250 3-month web change+8.7% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Future Space Transport SystemTransporting people and goods between two continents and into space Tokyo, Japan Operational 39 $51M $99M
Starfighters SpaceOperating a commercial fleet of supersonic jets capable of Mach 2 flights to support high-altitude payload launches, hypersonic testing and aerospace services Cape Canaveral, United States Operational
Orbit BoyAn on-demand microsatellite air launch system that can be flown wherever it’s needed to pick up and integrate the customer's payload, then launch it from a local airport in 24 hours London, United Kingdom Operational
QosmosysOrganizes a comprehensive and sustainable exploration and colonization of outer space by the humankind by creating better spacecraft and agile missions that will go to the Moon and beyond Singapore, Singapore Operational
Southern LaunchAn innovative space company providing the infrastructure and logistics support for orbital and sub-orbital launches of satellites and space payloads Adelaide, Australia Operational
Astra SpaceOn a mission to launch a new generation of space services to observe, connect and improve life on earth Alameda, United States Acquired
SceyeStratospheric infrastructure. Sceye is building the world’s most advanced, high-altitude platforms Moriarty, United States Operational
Pangea AerospaceCreated to lower the cost for accessing space for the small satellite market Barcelona, Spain Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

20 investors on the cap table

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
  • K2VC
  • MiraclePlus
  • Shenzhen Yihe Capital
  • Beijing Dinghe Pagoda Investment
  • Huilong Capital
  • Hike Capital
  • Pagoda
  • Vision Plus Capital
  • CMBC Capital
  • MiHoYo
  • Minyin International
  • Bohua Capital Management
  • Shanhang Capital
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇳 China75%
🇺🇸 United States25%
2 countries shown

Market sentiment

Posts on X, past 7 days

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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