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New achievement of Rocket Street

Updated: 2023-12-27

The Hyperbola-1 Y7 rocket, developed by Beijing Interstellar Glory Space Technology Co (i-Space), a company in Beijing E-Town, was successfully launched from the Jiuquan Satellite Launch Center in China at 15:00 on Dec 17, 2023. 


Launch of the Hyperbola-1 Y7 rocket [Photo/beijingetown.com.cn]

The rocket ascended according to the planned procedure, completing the flight safely and successfully. This launch marked the 6th flight of the Hyperbola-1 commercial carrier rocket.

The mission carried the DEAR-1 optical remote sensing satellite jointly developed by Beijing Beijing Azspace Technology Co and Beijing Aerospace Satelliteherd Science and Technology Co. Once reaching its planned orbit, the satellite will conduct technical verification work on satellite platform technology.


Launch of the Hyperbola-1 Y7 rocket [Photo/beijingetown.com.cn]

Currently, there are 54 companies in Beijing E-Town with aerospace as their main business, including seven rocket companies (of which five have achieved successful launches). 

The concentration of commercial rocket companies accounts for 70 percent nationwide, forming a veritable Rocket Street. 


Launch of the Hyperbola-1 Y7 rocket [Photo/beijingetown.com.cn]

As the only national-level economic and technological development zone in Beijing, the main platform for the development of high-tech industries in the capital, the central area for the construction of the Beijing International Science and Technology Innovation Center's "three science cities and one hi-tech area," the advantages of policies and services in the area have attracted numerous aerospace projects to be implemented around Rocket Street. 

To further enhance concentration, efforts are being made to unify and expand Rocket Street and the aerospace industry cluster area, aiming to attract more aerospace enterprises to start businesses in Beijing E-Town.