A Beijing-based rocket developer has become the first private Chinese company to successfully send a satellite into orbit.

Axar.az reports citing Xinhua.

I-Space, also known as Beijing Interstellar Glory Space Technology Ltd or StarCraft Glory, launched a rocket carrying two satellites on Thursday.

The successful launch of the Hyperbola-1, or SQX-1 Y1, rocket from the Jiuquan Satellite Launch Center, in northwest China's Gobi Desert, marked "a new chapter in China's private commercial aerospace," the company said in a statement Thursday.

A rocket carrying two satellites lifts off from the Jiuquan Satellite Launch Centre in inner Mongolia on July 25, 2019.