A number of China’s emerging rocket companies have secured major funding rounds in recent weeks as competition to reach orbit intensifies.
Chinese commercial rocket maker Galactic Energy raised $200 million in two funding rounds during the second half of 2021, the company announced Monday.
China’s main space contractor will target more than 40 orbital launches this year, including completion of the Tiangong space station, following 48 successful launches in 2021.
Rocket company Galactic Energy launched its second Ceres-1 rocket late Dec. 6, becoming the first Chinese private firm to reach orbit twice.
A Chinese startup is aiming to developing spacecraft capable of sending cargo to China’s space station, with a first small demonstration launch set for 2022.
Chinese rocket firm Galactic Energy successfully sent a small satellite into orbit Saturday with the first launch of its Ceres-1 launch vehicle.
China’s main space contractor is developing launch vehicles capable of learning and adapting as well as multiple technologies for recovering and reusing rockets.
Two young Chinese rocket companies have secured deals with local governments for the establishment of major launch vehicle facilities.
Private Chinese launch firm iSpace has raised $172 million in series B funding for development of a new series of launch vehicles and reusable engines.
A number of Chinese private launch firms for the burgeoning commercial space sector have reported progress in efforts to develop a range of launch vehicles.
Chinese private space launch firm Galactic Energy has raised $21.5 million for the development and launch of new rockets.
Chinese launch companies are developing new, larger launchers; asteroid mining startup receives angel round funding.
A number of newer firms in the nascent Chinese NewSpace sector are taking steps towards debut suborbital and orbital launches — while also attracting funding.