Abstract-A new class of folded subspace codes for noncoherent network coding is presented. The codes can correct insertions and deletions beyond the unique decoding radius for any code rate R ∈ [0, 1]. An efficient interpolation-based decoding algorithm for this code construction is given which allows to correct insertions and deletions up to the normalized radius s (1 − ((1/h + h)/(h − s + 1))R), where h is the folding parameter and s ≤ h is a decoding parameter. The algorithm serves as a list decoder or as a probabilistic unique decoder that outputs a unique solution with high probability. An upper bound on the average list size of (folded) subspace codes and on the decoding failure probability is derived. A major benefit of the decoding scheme is that it enables probabilistic unique decoding up to the list decoding radius.