| Company type | State-owned company |
|---|---|
| Industry | Aerospace |
| Founded | February 2016; 9 years ago (2016-02) |
| Headquarters | Wuhan, Hubei ,China |
| Parent | China Aerospace Science and Industry Corporation (CASIC) |
| Website | expace.com.cn (archived) |
ExPace (ExPace Technology Corporation;[1] also calledCASIC Rocket Technology Company[2]) is a Chinesestate-owned[3]space rocket company, based inWuhan,Hubei,China. Its corporate compound is located at the Wuhan National Space Industry Base space industrial park. ExPace is a wholly owned subsidiary of spacecraft and missile makerChina Aerospace Science and Industry Corporation (CASIC), a Chinese state-owned company, and serves as its commercial rocket division. ExPace is focused onsmall satellitelaunchers tolow Earth orbit.[4][1][5][6] ExPace was established in February 2016.[7] ExPace was founded as a Chinese commercial launch vehicle company.[8]
ExPace's line of Kuaizhou (KZ;Chinese:快舟;pinyin:Kuài-Zhōu;lit. 'fast vessel') launch vehicles usesolid rocket motors, thus being available all the time once built, without need to fuel the rockets. The Kuaizhou (Fast Vessel) launch vehicles are based on ChineseASAT andBMD mid-courseinterceptor launch vehicles. Development on the KZ launch vehicles started in 2009.[1][5][6] ExPace charges about US$10,000/kg for launches.[7]
The first commercial space launch company in China, China Sanjiang Space Group Co., another subsidiary of CASIC, is planning it first launch for 2017, using ExPace's KZ-11 launch vehicle.[9][10] The KZ-11 launch vehicle has launched but failed to reach orbit on 10 July 2020.[11]
ExPace is in competition with several other Chinese space rocket startups, includingLandSpace,Galactic Energy,LinkSpace,i-Space,OneSpace andDeep Blue Aerospace.[2]
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