ExPace Funding, Investors & Competitors

ExPace has raised $420M across 2 funding rounds, most recently a $238M Series B in June 2022.

Last ExPace funding round

$238M

Series B · Jun 2022

Cumulative funding ExPace raised

$420M

across 2 funding rounds

ExPace Overview

About ExPace

ExPace is a Beijing-based commercial launch provider marketing the Kuaizhou series of solid-propellant rockets from Jiuquan and Xichang sites. The company completed its first orbital launch in 2018 with KZ-1A carrying commercial satellites and plans 10 annual missions through 2025. ExPace serves payloads under 1,000 kg to sun-synchronous orbits, partnering with CASIC for vehicles like the 2023 KZ-2 achieving 700 km altitudes.


Founded

2016

HQ

ChinaWuhan

Status

Privately held

Customer focus

B2B

Revenue model

Services

ExPace Funding History

ExPace has raised a total of $420M across 2 funding rounds.

ExPace's first fundraising round was a $182M Series A in December 2017. The most recent completed round was a $238M Series B in June 2022.

ExPace funding rounds

ExPace funding rounds
DateStageRaisedDeal Summary
Jun 2022Series B$238M-
Dec 2017Series A$182MExPace is a Chinese commercial space launch company that raised $180 million in a funding round announced on December 19, 2017.

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ExPace Competitors

ExPace competitors include listed companies like SpaceX, Lockheed Martin, Northrop Grumman and Rocket Lab, and private ones like Stoke Space and Agile Space Industries.

Public and private companies comparable to ExPace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$2.0T-
Lockheed MartinUnited StatesUnited StatesPublicly listed$75B$8.7B$124B1.8x
Northrop GrummanUnited StatesUnited StatesPublicly listed$42B$7.2B$74B2.0x
Rocket LabUnited StatesUnited StatesPublicly listed$602M($181M)$43B48.0x
Stoke SpaceUnited StatesSeattle, WAPrivate--$9B-
Agile Space IndustriesUnited StatesDurango, COPrivate$28M-$8B285.7x

ExPace Public Comps

ExPace is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Safran, Boeing, Lockheed Martin, Parker Hannifin and General Dynamics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
GE Aerospace$46B$11B7.3x7.0x30.2x29.1x
RTX$89B$15B3.3x3.1x19.7x19.4x
Airbus$85B$11B2.1x1.9x16.0x14.3x
Rolls-Royce$28B$11B5.5x5.2x14.8x22.4x
Safran$36B$13B4.3x3.8x11.5x17.6x
Boeing$89B$7.4B2.0x1.9x24.7x37.2x
Lockheed Martin$75B$8.7B1.9x1.8x16.1x13.1x

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Common questions about ExPace

When was ExPace founded?ExPace was founded in 2016.
Where is ExPace headquartered?ExPace is headquartered in Wuhan, China.
Is ExPace publicly listed?No, ExPace is a private company.
How much funding has ExPace raised?ExPace has raised $420M across 2 funding rounds.
What was ExPace's last funding round?ExPace's last funding round was a $238M Series B in June 2022.
Which companies are comparable to ExPace?Companies comparable to ExPace include SpaceX, Lockheed Martin, Northrop Grumman, Rocket Lab, Stoke Space and Agile Space Industries.

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