China’s iSpace secures D round funding, targets December orbital launch and landing

HELSINKI — Chinese commercial launch company iSpace has secured new funding as it prepares for a first launch of its Hyperbola-3 reusable rocket.The company, full name Beijing Interstellar Glory Space Technology Ltd., announced Series D financing worth “several hundred million yuan” (100 million yuan = $13.8 million) March 11. The round was led by the Sichuan Tianfu Xinyun Digital Economy Development Fund Co., Ltd., a provincial industrial investment fund managed by Sichuan Development (Holding) Co., Ltd.The funds will be mainly used for the research and development of the Hyperbola-3 methane-liquid…

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