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 .
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 Jiuquan Satellite Launch Centre with a payload of three devices. Two of the satellites are set to be released into orbit for testing, while the third will return to Earth. The launch comes after Beijing-based OneSpace Technologies became the first private firm to put a rocket into space with the May test-flight of its OS-X device.