Kuaizhou Aerospace快舟航天

The release says Kuaizhou is advancing three projects: a self-built launch site, a reusable liquid rocket and a medium-lift hybrid solid-liquid rocket. All three are under construction or planned, not completed. The same release says the Kuaizhou family has completed 39 flights — consistent with Launch Library 2, but 1 apart from Xinhua's 2024 count.

The company's official social media account announced that the change of company name had been registered as required by law, removing the 「航天科工」 trade name. The report is dated 31 July; the actual date on which the registration was approved was not disclosed and may be earlier. This site could not find the official English name after the renaming.

Peak thrust 80 tonnes, targeting the first half of 2027 to provide propulsion for a reusable methalox rocket. This is the company's core project for closing the technology gap on liquid reusable vehicles.

Lift-off at 11:58 from Jiuquan, placing Group 05 of the Weili Space low-orbit satellite system into its planned orbit. Weili Space is a recent repeat customer. Kuaizhou-11 has flown five consecutive successes since its failed maiden flight.

The role requires experience with the financial workstreams of IPO tutoring and with the full tutoring-acceptance process. But as of that date the company had not publicly disclosed IPO filing materials, and no public record of tutoring registration with the securities regulator had been found — a job posting is not a tutoring registration, still less a filing.

It acquired the 29.5904% stake for RMB 3.29985 billion, implying a whole-company valuation of RMB 11.152 billion — the largest state-equity transaction in China's commercial space sector. Sanjiang Space Group's holding fell from 56.4347% to 26.84%; it is no longer the largest shareholder but remains the second-largest.

Eight satellites were successfully placed into their planned orbits. Kuaizhou-11 has kept an unbroken run of successes since returning to flight in December 2022.

Listed on the China Beijing Equity Exchange at RMB 3.29985 billion, with an information-disclosure period from 2025-12-31 to 2026-01-29. The listing terms, as relayed: once the transaction completes, the target company may no longer use the trade name, operating qualifications or franchise rights of a state-invested enterprise or its subsidiaries, and may no longer conduct business in the name of a subsidiary of a state-invested enterprise. That is far harsher than “a change of name”. Note on the date: this site records it as 2025-12-31, the start of the information-disclosure period in the listing materials. Readers will see 2026-01-06 or 2026-01-07 elsewhere; those are the publication dates of two Sina reports. Checked back against the originals, both say only that the listing is “in progress”, and neither gives the date on which the listing itself opened.

Lift-off at 17:00 on 5 December from launch pad 95A at the Jiuquan Satellite Launch Centre, placing the Jiaotong VDES test satellites A and B into orbit. This was Kuaizhou-1A's 30th launch and its 28th success. ⚠️ The report calls it “the 35th orbital launch of the Kuaizhou family”, still 1 apart from this site's count based on Launch Library 2; for the reason, see the “Launch record” entry. ⚠️ A more serious mismatch, which this site has not resolved either. The three Kuaizhou-1A failures on this site's record (2020-09-12, 2021-12-15, 2025-03-01) all precede this flight, which would make the 30th launch the 27th success, not the 28th; the same report also claims “16 consecutive successes since 2022-06-22”, yet the 2025-03-01 failure falls inside that window. The reported success count and this site's failure record cannot both be true. Deciding which is right would require checking every Kuaizhou-1A flight one by one, which this site has not done, so both figures are kept and the contradiction is stated here.

Kuaizhou-1A's third failure. The variant has 3 failures in 31 cumulative launches, a 90.3% success rate.

Low Earth orbit capacity rose from 300 kg to 450 kg and the fairing diameter from 1.4 m to 1.8 m, launching Haishao-1. Xinhua called this Kuaizhou-1A's 28th flight — that per-variant count matches Launch Library 2 exactly.

A commercial customer's payload was lost; the second Kuaizhou-1A failure within two years.

Kuaizhou-1A's first failure, after a previous streak of 9 consecutive successes.

The maiden flight of this 1.5-tonne-class solid launch vehicle failed; the variant was then grounded for more than two years, returning to flight only in December 2022. It has flown five consecutive successes since returning.

Three satellites reached orbit on a single rocket. The CNSA said only 8 months elapsed from contract signature to launch, making it China's first purely commercial launch order. This is the part of the label “China's first commercial rocket company” that stands up best to scrutiny.

The CNSA called it “China's first specialised rocket company to conduct R&D and applications on a commercial model”. ⚠️ Taken literally by date of incorporation, “China's first commercial rocket company” does not hold — LandSpace was founded in June 2015 and OneSpace in August 2015, both earlier. The source gives only the month, so this site records the first day of that month, used for ordering only.