Tech Desk 
Jul 30, 2025
LandSpace Technology, a Chinese private rocket manufacturing company, has made an application to list on the Shanghai Stock Exchange's STAR Market, the tech-orientated board for China's stock exchange, according to a filing made public by the country's securities regulator on Tuesday.
LandSpace was founded in Beijing in 2015 and, in July 2023, became the first company in the world to successfully launch a methane-liquid oxygen rocket, a milestone achieved before much larger US-based firms such as SpaceX and Blue Origin, run by entrepreneurs Elon Musk and Jeff Bezos.
Methane-fuel rockets are considered next-generation space launch vehicles, as they are cleaner, cheaper, and simpler to refuel, making them good candidates for reusable rocket systems.
LandSpace completed a first-stage propulsion system test of its Zhuque-3 launch vehicle in June of 2025.
The Zhuque-3 is set to have its first launch in the 2nd half of 2025.
If successful, LandSpace would become only the second company in the world after SpaceX to launch a reusable rocket, something that greatly reduces launch costs and turnaround times compared to conventional expendable rockets.
Moreover, the filing did not disclose how much the company sought to raise from the listing; however, it already has a fair amount of backing from investments, including venture capital investment from HongShan (formerly Sequoia Capital China).
