HELSINKI — Chinese launch startup Landspace has secured major funding from a state-backed investment initiative to boost its development of reusable launchers. Landspace received 900 million yuan ($123 million) from China’s National Manufacturing Transformation and Upgrading Fund, according to Chinese media reports Dec. 25. The company stated that the funds will primarily be used for the development, testing, and production of its Zhuque reusable methane-liquid oxygen launch vehicles. In November Landspace successfully launched its first enhanced Zhuque-2 rocket, capable of launching 4,000 kg of payload to a 500-kilometer sun-synchronous orbit….
