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Beijing Interstellar Glory, also known as i-Space, completes the first tranche of nearly RMB1 billion Series E funding to support R&D and production of the Hyperbola-3 rocket.

PRIVATEAug 05, 20264 days ago

Amount Raised

¥1 Billion

Round Type

Series E

Oil And Gas

Description

Beijing Interstellar Glory, also known as i-Space, has completed the first tranche of a Series E funding round worth nearly RMB1 billion. The investors are mainly bank-affiliated asset-management institutions. The funding will support R&D and batch production of the Hyperbola-3 reusable rocket. It will also aid the construction of capacity for the Focus-2 liquid-oxygen methane engine and launch support.

Company Information

Company

Beijing Interstellar Glory

About

i-Space, officially known as Beijing Interstellar Glory, is a Chinese commercial rocket company focusing on the development of reusable rocket technologies. The company's projects include the Hyperbola-3 reusable rocket and the Focus-2 liquid-oxygen methane engine. They aim to revolutionize the space launch industry with innovative solutions and enhanced payload capacities.

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