China rocket startup Orienspace raises nearly $84 million

Published by
Reuters UK

BEIJING (Reuters) – China’s private rocket developer Orienspace has raised nearly 600 million yuan ($83.67 million) to fund rocket development, it said on Wednesday, as China’s demand for commercial launches of satellites is expected to increase. New investors in the capital raise include Liangxi Science and Technology Innovation Industry Fund of Funds, which is backed by the authority in the Liangxi district of the city of Wuxi, Orienspace said in a statement. The investment takes the value of Orienspace to about 6 billion yuan, said a person familiar with the matter, who asked not to be name…

Read More

See also  Azercosmos seals agreement with Spanish high-tech company

Leave a Reply