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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 blasts off from the Hainan commercial spacecraft launch site in Wenchang, south China’s Hainan province. Photo: Xinhua
China stock market

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Investors scramble for opportunities to maintain market momentum after the AI frenzy shows signs of losing steam.

Hong Kong economy

Opinion | Hong Kong’s budget should move the city towards ‘inspirational’ development

Mainland China

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Banking & finance

Chinese banks join the space race with satellite launches and rocket backing

As China seeks new engines of growth, finance is emerging as an unexpected backer of the country’s commercial space ambitions.

A Chinese Long March-12 carrier rocket blasts off on January 19 with a payload of low-orbit satellites. Photo: Xinhua
China Future Tech briefing

Aerospace | Chinese rivals to Musk’s Starlink wrestle with rocket constraints

The slow pace of Chinese rocket launches is hampering efforts to create alternatives to SpaceX’s Starlink and damping the government’s drive to pare reliance on US technology.

China's space programme

China’s commercial space sector soars with 50 launches in 2025

Commercial launches accounted for 54 per cent of the total last year, data from China National Space Administration shows.

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Hong Kong economy

Hong Kong eyes slice of booming ‘NewSpace’ economy as professional services hub

Chief Executive’s Policy Unit reveals that it recently hosted a high-level round table on the space economy.

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A rocket blasts off from the Jiuquan Satellite Launch Centre in Inner Mongolia. China aims to cement its status as a “major space power” under the 15th five-year plan. 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

Listing is the first accepted under a fast-track process for pre-revenue rocket companies, as China prioritises space development.

China stock market

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

LandSpace has completed IPO tutoring with Chinese regulators, putting it a step closer to a Shanghai Star Market listing.

The Zhuque-3 rocket blasts from the Dongfeng commercial space innovation pilot zone on December 3, 2025. Photo: Getty
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.

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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The Zhuque-3 rocket completes a launch test at a site in China’s northwestern Gansu province last year. The device is one of several reusable rockets under development in China. Photo: Getty Images
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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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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