Space Epoch箭元科技
Stainless-steel liquid oxygen/methane reusable launch vehicles; sea-surface soft-landing first-stage recovery
Space Epoch operates through Beijing Space Epoch Technology Co., Ltd., incorporated on 26 November 2019 in the Beijing Economic-Technological Development Area (Yizhuang), with Wei Yi as legal representative; several media accounts date the rocket team's formation to March 2022. The company develops stainless-steel propellant tanks and the Yuanxingzhe-1 family of medium-to-large reusable liquid oxygen/methane launch vehicles, with an R&D centre in Beijing, a test and launch base in Shandong and an assembly, test and reuse base in Hangzhou. At 04:40 on 29 May 2025 it completed the first sea flight-and-recovery test of a Yuanxingzhe-1 verification vehicle at the Oriental Spaceport; that vehicle was 4.2 m in diameter, about 26.8 m tall and about 57 t at lift-off, flew to roughly 2.5 km over about 125 seconds and executed eight phases from ignition and full-thrust climb through throttling, first engine shutdown, coast, engine restart, deceleration to a hover and a soft landing on the sea surface. In July 2025 it completed a combined engine and control-system gimbal hot-fire test. The orbital Yuanxingzhe-1 has a lift-off mass of 575 t, stands 66 m tall at 4.2 m diameter and is designed for 20 reuses; Shanghai Securities News reported LEO capacity of 14 t expendable and 7 t in recovery configuration, with a target launch cost of RMB 20,000 per kilogram. In early December 2025 the reusable-rocket base was signed with Hangzhou's Qiantang district — RMB 5.2 billion of total investment, a 108-mu phase-one site of about 60,000 square metres and a planned output of 25 rockets a year — and construction started on 7 January 2026. The company closed angel through B rounds between September 2022 and February 2026, with B-round investors including IDG Capital, Hanhui Capital and Qiantang Industrial Group. Revenue and valuation are not publicly disclosed.
Last 12 months
- 22 Jul 2026DevelopmentSpace Epoch completes vibration testing of the Yuanxingzhe-1 second-stage aft bay
The company said it had completed vibration testing of the second-stage aft bay of the first flight vehicle across low- and high-frequency excitation in the X, Y and Z axes, followed by a structural review and verification that the auxiliary power system meets vibration-environment requirements.
Source: NetEase · originally published 22 Jul 2026, 17:23 Beijing time - 14 May 2026DevelopmentYuanxingzhe-1 completes full-vehicle plumbing mechanical-environment testing and enters prototype production
Shanghai Securities News reported that Space Epoch completed mechanical-environment testing of the full-vehicle plumbing on Yuanxingzhe-1, with the plumbing structure sound and performance meeting flight requirements, and that the rocket has entered prototype production; the report also cited 575 t lift-off mass, 14 t to LEO expendable, 7 t recoverable, more than 20 design reuses and a RMB 20,000/kg cost target.
Source: Sina Finance · originally published 14 May 2026, 19:08 Beijing time - 12 Feb 2026FundingSpace Epoch closes its B round
The company announced the close of a B round backed by several leading market-oriented institutions; 36Kr's venture database lists eight participants including IDG Capital, Hanhui Capital and Qiantang Industrial Group. The amount was not disclosed. (Publication time taken from the date.)
Source: PEdaily · originally published 12 Feb 2026 - 09 Jan 2026FacilitiesHangxiao Steel Structure discloses a joint win with Hunan Construction on the Hangzhou Space Epoch project
Hangxiao Steel Structure announced that a consortium it formed with lead member Hunan Construction Engineering Group had won construction work for Hangzhou Space Epoch Technology Co., Ltd.; its own share of the contract is under 1% of its audited 2024 revenue.
Source: Sina Finance · originally published 09 Jan 2026, 20:55 Beijing time - 07 Jan 2026FacilitiesChina's first sea-recovery reusable rocket base breaks ground in Hangzhou
Space Epoch's reusable rocket base broke ground in Hangzhou, Zhejiang on 7 January with total investment of RMB 5.2 billion and a planned output of 25 rockets a year; the report also gave Yuanxingzhe-1 as 575 t at lift-off, 66 m tall, 4.2 m in diameter, designed for 20 reuses and targeting RMB 20,000 per kilogram.
Source: The Paper · originally published 08 Jan 2026, 14:18 Beijing time - 10 Dec 2025ContractsSpace Epoch signs its Yuanxingzhe-1 reuse base into Hangzhou's Qiantang district
Yicai reported that Space Epoch's Yuanxingzhe-1 liquid-rocket recovery and reuse base was signed into Qiantang district, Hangzhou in early December, with total investment of RMB 5.2 billion, output of 25 rockets a year and a 108-mu phase-one site of about 60,000 square metres; the report said assembly and test were planned to begin at the end of August 2026.
Source: yicai.com · originally published 10 Dec 2025, 12:55 Beijing time