Interstellar Secures Biggest Financing in China’s Private Commercial Aerospace Industry
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Interstellar Glory Aerospace Science and Technology, known as iSpace, has secured over CNY5 billion (USD729.8 million) in the largest financing round for a private Chinese commercial aerospace firm. The Series D++ fundraiser, announced on Feb. 12, will support the development of reusable rockets and enhance launch capabilities. The company is also preparing for an initial public offering. Interstellar, founded in 2016, is notable for its reusable rocket technology and aims to launch its Hyperbola-3 rocket within the year.
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