02 February 2021
At around 16:00 on 1 February 2021, BJT, i-Space’s Hyperbola-1 (Shian Quxian-1) rocket failed in its 2nd launch in an attempt to orbit the small Fangzhou-2 (Ark-2) satellite from the Jiuquan Satellite Launch Centre. i-Space stated that the company will immediately investigate and review the cause of the failure to reset the launch mission. It was the first failure of the world’s aerospace industry in 2021, and the third failure of Chinese private aerospace companies in recent years.
Questions Remains For Private Aerospace Startups. Commercial aerospace has never been a pursuit of pure technology advancement. It has an emphasis of cost justifiable performance and the pursuit of becoming a profitable business. There are still many questions remain for China’s growing private aerospace startups.