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- ExPace
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
Website
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
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jun 2022 | Series B | $238M | - |
| Dec 2017 | Series A | $182M | ExPace is a Chinese commercial space launch company that raised $180 million in a funding round announced on December 19, 2017. |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialExPace 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $75B | $8.7B | $124B | 1.8x | ||
| Publicly listed | $42B | $7.2B | $74B | 2.0x | ||
| Publicly listed | $602M | ($181M) | $43B | 48.0x | ||
| Private | - | - | $9B | - | ||
| Private | $28M | - | $8B | 285.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $46B | $11B | 7.3x | 7.0x | 30.2x | 29.1x | |||
| $89B | $15B | 3.3x | 3.1x | 19.7x | 19.4x | |||
| $85B | $11B | 2.1x | 1.9x | 16.0x | 14.3x | |||
| $28B | $11B | 5.5x | 5.2x | 14.8x | 22.4x | |||
| $36B | $13B | 4.3x | 3.8x | 11.5x | 17.6x | |||
| $89B | $7.4B | 2.0x | 1.9x | 24.7x | 37.2x | |||
| $75B | $8.7B | 1.9x | 1.8x | 16.1x | 13.1x | |||
This data is available for Pro users. Sign up to see all ExPace competitors and their valuation data. Start Free Trial | ||||||||
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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