Orienspace Valuation, Funding & Investors

Orienspace is valued at $823M as of January 2024.

Last Orienspace valuation

$823M

Series B · Jan 2024

Last Orienspace funding round

$84M

Series B · Jan 2024

Cumulative funding Orienspace raised

$191M

across 3 funding rounds

Key investors in Orienspace

  • Hike Capital
  • Shenzhen Pagoda
  • CMBC Capital Holdings
  • K2VC
  • Vision Plus Capital
  • Oriza Seed Capital (Oriza Yuandian)

Orienspace Overview

About Orienspace

Orienspace is a commercial aerospace company founded in 2020 and based in China. It designs and manufactures Gravity Series launch vehicles, Force Series rocket engines, and Hongli Series equipment. Gravity-1 completed its debut flight on January 11, 2024, as the world's largest solid-propellant rocket, enabling cost-effective large-scale launches.


Founded

2020

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$823M (Jan 2024)

Orienspace Valuation

Orienspace is currently valued at $823M, based on its Series B in January 2024.

The $84M round was led by Broad Vision Funds, with participation from Hongtai Capital Holdings, Shenyin & Wanguo Investment, CMBC Capital Holdings, Hike Capital, Xin Ding Capital and 1 other investor.

Orienspace valuation by funding round

Orienspace valuation by funding round
DateStageValuation
Jan 2024Series B$823M

Orienspace Funding History

Orienspace has raised a total of $191M across 3 funding rounds.

Orienspace's first fundraising round was a $47M undisclosed-stage round in January 2022. The most recent completed round was a $84M Series B in January 2024.

Orienspace funding rounds

Orienspace funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2024Series BBroad Vision Funds (lead); Hongtai Capital Holdings; Shenyin & Wanguo Investment; CMBC Capital Holdings; Hike Capital; Xin Ding Capital; Shenzhen Pagoda$84M$823MOrienspace is a Chinese commercial rocket developer founded in 2020 and headquartered in Yantai, Shandong province. The company specializes in developing solid and liquid propellant rockets, including the Gravity-1 all-solid rocket, which debuted successfully, and the upcoming reusable Gravity-2 rocket with a 60-meter height, capacity for 25.6 tons to LEO, and pricing competitive with SpaceX's Falcon 9. Gravity-2 is targeted for launch in 2025 or 2026 and powered by nine kerosene engines. On January 24, 2024, Orienspace completed a Series B funding round raising approximately $83.5-83.7 million (600 million yuan), led by Broad Vision Funds with participation from CMBC Capital Holdings, Hike Capital, Hongtai Capital Holdings, Shenzhen Pagoda (or Shanhang Capital), Shenyin & Wanguo Investment, Xin Ding Capital, and Liangxi Science and Technology Innovation Industry Fund of Funds backed by Wuxi government. This valued the company at about 6 billion yuan ($823 million) ahead of the capital injection. The funds are primarily allocated to developing and manufacturing liquid oxygen-kerosene rocket engines and advancing Gravity-2 reusability features. The round follows a prior 400 million yuan raise in May 2023 from investors including miHoYo. Orienspace has secured orders for launching hundreds of satellites and is positioned amid surging demand for commercial launch services in China, driven by efforts to build low-Earth orbit satellite constellations to compete with Starlink. The company recently signed a pact with Wuxi's Liangxi district for a rocket engine base with 300 engines annual capacity. Total funding across four rounds reached $169.84 million from 32 investors by January 2024.
May 2022Series AHike Capital (lead); Talent Capital; miHoYo; CMBC Capital Holdings; Vision Plus Capital; Minyin International; FanZhuo Capital; Atlas Capital; Shenzhen Pagoda; Oriza Seed Capital (Oriza Yuandian); Sky Saga Capital$60M-Orienspace is a Chinese space launch startup developing medium-and-large-sized commercial launch vehicles named “Gravity” to meet explosive demand for satellite networks with economies of scale. In May 2022, it raised USD 59.9 million (400 million yuan) in a Series A round led by Hike Capital, with participation from Minyin International, miHoYo, Vision Plus Capital, existing investor Pagoda (Shenzhen Pagoda), and others including Atlas Capital, CMBC Capital Holdings, FanZhuo Capital, Oriza Seed Capital, Sky Saga Capital, Talent Capital. The funds will support development and testing of its medium-sized “Gravity-1” rocket, which can lift 6.5 tons to low Earth orbit or 4.2 tons to 500-km sun-synchronous orbit—the largest capacity among China’s private aerospace firms—while accelerating “Gravity-2,” a reusable liquid oxygen kerosene rocket with early 2023 testing planned. The company emphasizes design, production, and infrastructure for R&D, testing, and manufacturing to provide low-cost, large-scale launch services. Orienspace competes with Landspace, iSpace, Galactic Energy, Space Pioneer, and Deep Blue Aerospace amid global commercial launch demand exceeding $100 billion, where effective capacity lags.
Jan 2022Undisclosed stageMSA Capital (lead); Sky9 Capital; MiraclePlus; K2VC$47M--

Who has invested in Orienspace?

19 investors have backed Orienspace across its funding rounds, including Hike Capital, Shenzhen Pagoda, CMBC Capital Holdings, K2VC, Vision Plus Capital and Oriza Seed Capital (Oriza Yuandian).

Lead investors include Broad Vision Funds, Hike Capital and MSA Capital.


Orienspace Investors

Investors in Orienspace by funding rounds participated
InvestorHQRoundsRoleFirst check
CMBC Capital HoldingsHong KongHong Kong2ParticipantMay 2022
Hike CapitalChinaBeijing2LeadMay 2022
Shenzhen PagodaChinaShenzhen2ParticipantMay 2022
Talent CapitalChinaShanghai1ParticipantMay 2022
Sky9 CapitalChinaShanghai1ParticipantJan 2022
MiraclePlusChinaBeijing1ParticipantJan 2022
Broad Vision FundsChinaBeijing1LeadJan 2024
miHoYoChinaShanghai1ParticipantMay 2022
Hongtai Capital HoldingsChinaChina1ParticipantJan 2024
Shenyin & Wanguo InvestmentChinaShanghai1ParticipantJan 2024
Vision Plus CapitalChinaHangzhou1ParticipantMay 2022
Minyin InternationalChinaBeijing1ParticipantMay 2022
K2VCChinaBeijing1ParticipantJan 2022

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Orienspace Competitors

Orienspace competitors include listed companies like ShinMaywa Industries and BlackSky, and private ones like Xinghe Aerospace, Venus Aerospace, Raphe mPhibr and Gilmour Space Technologies.

Public and private companies comparable to Orienspace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ShinMaywa IndustriesJapanJapanPublicly listed$1.8B$145M$828M0.5x
Xinghe AerospaceChinaChinaPrivate--$832M-
Venus AerospaceUnited StatesUnited StatesPrivate--$778M-
BlackSkyUnited StatesUnited StatesPublicly listed$107M($28M)$887M6.7x
Raphe mPhibrIndiaNoidaPrivate$9M-$900M100.0x
Gilmour Space TechnologiesAustraliaGold CoastPrivate--$721M-

Orienspace Public Comps

Orienspace is still privately-owned, but its public comps include ShinMaywa Industries, Bjsasc, BlackSky, Elmet Group, Creotech Instruments, Officina Stellare, Park Aerospace, QPS Holdings, Vincorion and Astroscale.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ShinMaywa Industries$1.8B$145M0.5x0.5x6.4x-
Bjsasc$181M$6M3.6x-117.0x-
BlackSky$107M($28M)8.2x6.7x(31.2x)64.4x
Elmet Group$202M$6M3.2x2.8x116.1x22.7x
Creotech Instruments$38M$10M17.9x11.1x65.9x52.9x
Officina Stellare$20M$9M35.1x-76.4x-
Park Aerospace$73M$15M7.8x7.1x37.2x32.1x
QPS Holdings$24M$20M22.2x29.7x27.2x131.0x

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Common questions about Orienspace

When was Orienspace founded?Orienspace was founded in 2020.
Where is Orienspace headquartered?Orienspace is headquartered in Beijing, China.
Is Orienspace publicly listed?No, Orienspace is a private, VC-backed company.
What is Orienspace's valuation?Orienspace was last valued at $823M in its Series B in January 2024.
How much funding has Orienspace raised?Orienspace has raised $191M across 3 funding rounds.
What was Orienspace's last funding round?Orienspace's last funding round was a $84M Series B in January 2024, led by Broad Vision Funds.
Who are Orienspace's investors?Orienspace's investors include CMBC Capital Holdings, Hike Capital, Shenzhen Pagoda, Talent Capital, Sky9 Capital, MiraclePlus, Broad Vision Funds, miHoYo, Hongtai Capital Holdings, Shenyin & Wanguo Investment and 9 others.
Which companies are comparable to Orienspace?Companies comparable to Orienspace include ShinMaywa Industries, Xinghe Aerospace, Venus Aerospace, BlackSky, Raphe mPhibr and Gilmour Space Technologies.

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