Interstellar Glory shifts its main development focus to Hyperbola-3 and outlines its reusable-launch strategy
85 FOMOChairman Peng Xiaobo confirmed that the company has shifted its primary focus from Hyperbola-1 and Hyperbola-2 to the medium-to-heavy reusable Hyperbola-3 liquid rocket. The first flight is targeted for late 2026 or 2027, with an objective of achieving orbital insertion and first-stage recovery in the same mission. The company reported more than 100 major tests completed during 2026. Management described a design target of reducing full-vehicle cost to approximately one-third after eight first-stage reuses, subject to successful recovery, manageable refurbishment costs and sufficient launch cadence. The planned Chengdu manufacturing facility is expected to support 20 vehicles annually after completion in 2027.
Why it matters
The strategic concentration on Hyperbola-3 reflects the Chinese commercial launch market's shift toward reusable medium- and heavy-lift vehicles. The first orbital flight and recovery attempt are critical technical and financing gates, particularly given the company's stated ambition to list on Shanghai's STAR Market in the second half of 2027. The cost-reduction figures remain engineering targets, not demonstrated operating economics.
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香港文匯報 ·
成本劈至三分一 商業火箭量產肉搏戰An interview with chairman and general manager Peng Xiaobo outlined Interstellar Glory's strategic shift toward the Hyperbola-3 reusable liquid rocket as its main development priority. He said Hyperbola-1 and Hyperbola-2 development had transitioned toward Hyperbola-3, with the first orbital and recovery flight expected around the end of 2026 or in 2027. The company reported more than 100 major tests completed during 2026 and described a design target of reducing full-vehicle launch cost to one-third through eight first-stage reuses. A Chengdu factory is expected to reach production capacity of 20 Hyperbola-3 vehicles annually after completion in 2027.
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Chairman Peng Xiaobo confirmed that the company has shifted its primary focus from Hyperbola-1 and H