Interstellar Glory completes first closing of nearly RMB 1 billion Series E
84 FOMOThe company completed the first closing of its Series E financing, raising nearly RMB 1 billion. Bank-affiliated asset investment companies were the principal investor group, while the full round remained open. The proceeds target four priorities: Hyperbola-3 development and production, Focus-2 engine capacity, launch and sea-recovery infrastructure, and heavy-lift rocket research. The financing is intended to accelerate the company's reusable launch programme.
Why it matters
The financing provides additional capital for a technically demanding development programme and industrial scale-up. The involvement of bank-affiliated AIC investors indicates growing institutional support for Chinese commercial launch infrastructure.
The numbers
Details
Funding
- Round
- series e
- Lead investor
- Bank-affiliated AIC institutions
- Investors
- Bank-affiliated Asset Investment Companies
Coverage
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IT之家 ·
星际荣耀完成 E 轮融资近 10 亿元首批交割，加速双曲线三号可回收火箭首飞Interstellar Glory completed the first closing of nearly RMB 1 billion in its Series E financing, with several bank-affiliated asset investment companies among the principal investors. The capital is intended for Hyperbola-3 development and production, Focus-2 methalox engine manufacturing, launch and sea-recovery infrastructure, and heavy-lift vehicle research. The overall fundraising process remained ongoing at the time of announcement.
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More from iSpace (Interstellar Glory)
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The company completed the first closing of its Series E financing, raising nearly RMB 1 billion. Ban