I-Space is a Chinese private space launch company based in Beijing and founded in October 2016. The company develops solid fuel small satellite orbital launchers. The main components of the company's rockets are outsourced and produced by the CASC. In August 2018, i-Space has successfully launched the Hyperbola-1S and Hyberbola-1Z rockets into space on a suborbital flight. On July 25, 2019, i-Space launched the carrier rocket SQX-1 Y1 containing multiple satellites and other payloads from Jiuquan Satellite Launch Center in Gansu province. This is the first time that any private Chinese aerospace company has successfully launched a carrier rocket with payloads into orbit. It also marks a first for these companies to be able to advertise in space as well as to send footage back to earth.