- Companies
- One Space
One Space Funding, Investors & Competitors
One Space has raised $121M across 4 funding rounds, most recently a $44M Series B in August 2018.
Last One Space funding round
$44M
Series B · Aug 2018
Cumulative funding One Space raised
$121M
across 4 funding rounds
Key investors in One Space
China Merchants Venture Capital
Qianhai Wutong Mergers and Acquisitions Funds
CICC
Zhengxuan Investment
Hongtai Fund
FinTrek Capital
Tongkong Investment Group
Qianhai Wande Fund
About One Space
One Space is a Beijing-headquartered aerospace company developing smart small launch vehicles. The firm targets cost-effective orbital insertion for commercial microsatellites, incorporating reusable technologies for global customers in the New Space economy.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
One Space Funding History
One Space has raised a total of $121M across 4 funding rounds.
One Space's first fundraising round was a $15M Series A in October 2016. The most recent completed round was a $44M Series B in August 2018.
One Space funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2018 | Series B | CICC (lead); China Merchants Venture Capital; Qianhai Wutong Mergers and Acquisitions Funds; FinTrek Capital; Qianhai Wande Fund | $44M | OneSpace is a Chinese commercial rocket firm founded in August 2015, specializing in the research, manufacturing, and launch of OS-X and OS-M series rockets. The company completed its B round financing of 300 million yuan (approximately $43.8 million) around August 13, 2018, led by CICC Jiatai (Tianjin) Equity Investment Fund, with participation from FinTrek Capital and increased investments from existing shareholders like China Merchants Innovation Investment Management Co. The funds were allocated to advancing OS-X and OS-M rocket development, upstream and downstream industrial layout, intelligent manufacturing base construction, and talent acquisition. By that time, OneSpace had raised about 800 million yuan across four rounds total. The company had achieved a milestone with the successful launch of China's first privately designed commercial rocket, the Chongqing Liangjiang Star, on May 17, 2018, and planned two more launches by year-end. OneSpace aimed for annual production capacity of over 30 OS-M series rockets and 20+ OS-X series by 2020. |
| Jan 2018 | Series A | - | $31M | OneSpace is a China-based commercial aerospace company founded in 2015, specializing in the development of small satellite launch vehicles, including the OS-X series of suborbital rockets and OS-M series of orbital launch vehicles. The company completed its Series B funding round on August 12, 2018, raising US$43.6 million (300 million RMB), led by Zhongjin Jiatai Fund, the venture arm of China International Capital Corporation (CICC), with participation from Qitu Capital, China Merchants Venture Capital, Qianhai Wand Fund, and Qianhai Wutong M&A Fund. Prior rounds included Series A in 2016 raising about US$14.5 million (100 million RMB), government funding from Chongqing municipal government in 2017, and Series A+ in January 2018 raising more than US$29 million (200 million RMB), bringing total funding to approximately US$116 million (800 million RMB) by mid-2018. The Series B proceeds were allocated primarily to advancing R&D on OS-X and OS-M rockets, constructing a manufacturing and rocket assembly facility in Chongqing expected to be completed by the end of 2018, and scaling production to at least 30 rockets annually by 2020. OneSpace positions itself as a leader in China's private aerospace sector, focusing on prudent business development, team stabilization, and industrial upstream and downstream layout, including intelligent manufacturing and talent acquisition. The funding reflects growing investor confidence in China's commercial space industry amid efforts to compete with global leaders like SpaceX. |
| Jan 2017 | Series A | Qianhai Wutong Mergers and Acquisitions Funds (lead); Zhengxuan Investment; China Merchants Venture Capital; Tongkong Investment Group; Hongtai Fund | $31M | OneSpace is a China-based rocket company developing small satellite launch vehicles, including the OS-X series of suborbital rockets and the OS-M series of orbital launch vehicles. The company conducted a Series A in 2016, raising approximately US$14.5 million. In January 2017, OneSpace completed a Series A+ financing round that raised more than US$29 million (200 million RMB), with funds designated for developing its rocket series and constructing a manufacturing and assembly facility in Chongqing. By August 2017, the company had completed its Series B, raising US$43.6 million (300 million RMB) led by Zhongjin Jiatai Fund (the venture arm of China International Capital Corporation Limited), with participation from Qitu Capital, China Merchants Venture Capital, Qianhai Wand Fund, and Qianhai Wutong M&A Fund. According to aggregated funding data, OneSpace had raised a cumulative total of approximately US$116 million by that period, with sources indicating a later valuation of US$601 million. The company projected manufacturing at least 30 rockets annually by 2020 with Series B proceeds. |
| Oct 2016 | Series A | - | $15M | One Space raised funding in a Series A round on October 29, 2016. The company has completed six funding rounds totaling $59M, with the latest being a Series C - II on October 23, 2020. Investors include Zhengxuan Investment, which participated in the Series A and later rounds. |
Who has invested in One Space?
8 investors have backed One Space across its funding rounds, including China Merchants Venture Capital, Qianhai Wutong Mergers and Acquisitions Funds, CICC, Zhengxuan Investment, Hongtai Fund and FinTrek Capital.
Lead investors include CICC and Qianhai Wutong Mergers and Acquisitions Funds.
One Space Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2017 | ||
| 2 | Lead | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Lead | Aug 2018 | ||
This data is available for Pro users. Sign up to see all 8 One Space investors. Start Free Trial | ||||
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 TrialOne Space Competitors
One Space 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 |
One Space Public Comps
One Space 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 One Space competitors and their valuation data. Start Free Trial | ||||||||
Common questions about One Space
| When was One Space founded? | One Space was founded in 2015. |
| Where is One Space headquartered? | One Space is headquartered in Beijing, China. |
| Is One Space publicly listed? | No, One Space is a private, VC-backed company. |
| How much funding has One Space raised? | One Space has raised $121M across 4 funding rounds. |
| What was One Space's last funding round? | One Space's last funding round was a $44M Series B in August 2018, led by CICC. |
| Who are One Space's investors? | One Space's investors include China Merchants Venture Capital, Qianhai Wutong Mergers and Acquisitions Funds, Zhengxuan Investment, Tongkong Investment Group, FinTrek Capital, CICC, Hongtai Fund and Qianhai Wande Fund. |
| Which companies are comparable to One Space? | Companies comparable to One Space include SpaceX, Lockheed Martin, Northrop Grumman, Rocket Lab, Stoke Space and Agile Space Industries. |
See companies similar to One Space
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




