LandSpace's Zhuque-3 Reusable Yao-2 Carrier Rocket Completes Static Fire Test | Xinxing PORTFOLIO

On June 29, 2026, LandSpace's Zhuque-3 reusable launch vehicle (Yao-2) successfully completed a static fire test at the Dongfeng Commercial Space Innovation Test Zone.

The test comprehensively examined the rocket system, launch site system, and their interoperability. All systems performed normally, with test data and results meeting expectations, validating the correctness and coordination of system operations and laying a solid foundation for subsequent flight missions.

All critical pre-launch ground verification work for the Zhuque-3 reusable launch vehicle (Yao-2) has now been completed. Going forward, the test team will proceed with launch preparations according to plan, making thorough preparations for the upcoming flight test mission.

Founded in 2022, Heart Capital is a venture capital fund focused on investing in early-stage Chinese technology startups.

The Heart Capital team is primarily composed of founding partners and core investors from Lightspeed China Partners, alongside seasoned investors from industry backgrounds. The team's past investments include MetaX (688802.SH), Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), SUNMI (06810.HK), RoboSense (02948.HK), Ambiq Micro (NYSE: AMBQ), Hanshow Technology Co., Ltd. (301275.SZ), FinVolution (NYSE: FINV), HERE (NASDAQ: HERE), as well as LandSpace, MicroNano Space, Baichuan, Yunmanman Cold Chain Logistics, World Logistics, FanDeng Reading, and Lanhu.

Rooted in China with a global outlook, Heart Capital is dedicated to supporting early-stage entrepreneurial teams with the potential to become world-class companies in China's technology sector. Heart Capital champions the value of "heart," believing that technology can serve as a bridge connecting minds. The firm looks forward to accompanying more young Chinese entrepreneurs onto the world stage.