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Chinese space launch startups attract investment frenzy

News Snapshot:

The undisclosed funding round followed at least six other Chinese launch-related companies announcing funding rounds. The most notable is the $200 million announced by Galactic Energy in January, eclipsing the previous Chinese record funding rounds for launch companies. Galactic Energy will use these for upcoming launches of the Ceres-1 solid rocket and the larger, kerosene-liquid oxygen Pallas-1 launcher, set for a first launch in 2023. Reusable methane-LOX rocket engine maker Jiuzhou Yunjian last month secured at least $15.7 million in new funding from Huaying Investment, Pufeng Venture Capital and prior investors Yunhe Capital and Zhongguancun Qihang Investment. Orienspace, founded in…

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