JIUQUAN, Sept. 5 (Xinhua) -- A private Chinese company sent a suborbital rocket into space at 1:00 p.m. Wednesday from the Jiuquan Satellite Launch Center in northwest China.

The SQX-1Z was developed by iSpace, a Beijing-based private rocket developer, founded in 2016 with a research center in Xi'an, Shaanxi Province.

The rocket carried three CubeSats, miniaturized satellites, for two Chinese commercial companies. After entering its preset orbit, the rocket will release two satellites for testing, and the third satellite will be parachuted to Earth, according to a statement by the company.

After the launch, the SQX-1Z rocket will provide minisatellite and constellation launch services for clients, said Yao Bowen, who works for the company's public relations division.