Interstellar Glory raises RMB 5.037 billion in D++ financing
97 FOMOThe company completed a RMB 5.037 billion financing round, setting a reported record for a single financing transaction by a Chinese private launch company. Tongchuang Weiye and existing shareholder Jingming Capital jointly led the investment. Existing shareholders and new institutional investors also participated. Capital will support reusable methalox launch vehicle development, manufacturing, testing, launch infrastructure and maritime recovery capabilities.
Why it matters
The financing gives Interstellar Glory substantial resources to pursue a capital-intensive reusable launch programme. The scale of the round also increases expectations for technical delivery, commercialisation and eventual public-market readiness.
The numbers
Details
Funding
- Round
- series d plus plus
- Lead investor
- Tongchuang Weiye and Jingming Capital
- Investors
- Tongchuang WeiyeJingming CapitalGanquan CapitalChengdu Major Industrialization Project Fund Phase IIQianlima CapitalDinghui BaifuKailian CapitalYingyuan InvestmentXinding CapitalTianshi CapitalTuling Asset ManagementJiangguo Capital
Coverage
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Shanghai Securities News ·
星际荣耀完成50.37亿元D++轮融资Interstellar Glory completed a RMB 5.037 billion D++ financing round, announced on February 12. Tongchuang Weiye and existing shareholder Jingming Capital jointly led the round, with participation from existing investors and numerous new institutions. Proceeds will accelerate reusable liquid oxygen-methane launch vehicle development, production capacity, testing and sea-recovery infrastructure.
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The company completed a RMB 5.037 billion financing round, setting a reported record for a single fi