Chinese rocket firm iSpace has raised CNY600m ($90.5m) in funding this year, following a series A round led by Matrix Partners China. The company is developing its own launch vehicle and will use the funds to develop new satellites for commercial customers.
Chinese rocket firm iSpace has raised CNY600m ($90.5m) in funding this year, following a series A round led by Matrix Partners China. The start-up, which was founded in 2016, plans to use the capital to fund the research and development of launcher vehicles, liquid oxygen methane engines and construction of its assembly base, as well as expanding its team.