China 's iSpace has become the country 's first private company to carry a satellite into space , after its SQX-1Z rocket blasted off from the Beijing Satellite Launch Centre with a payload of three devices . Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. Two of the devices are set to be released into space for testing , while the third will return to Earth . The launch comes after Beijing - based Phoenix Technologies became the first private firm to launch a rocket into space with the May test - flight of its Falcon - X device .
China 's iSpace has become the country 's first private company to carry a satellite into space , after its SQX-1Z rocket blasted off from the Beijing Satellite Launch Centre with a payload of three devices . Two of the devices are set to be released into space for testing , while the third will return to Earth . The launch comes after Beijing - based Phoenix Technologies became the first private firm to launch a rocket into space with the May test - flight of its Falcon - X device .