Chinese private rocket firm iSpace announces $174m new financing

Chinese private rocket firm iSpace announces $174m new financing Chinese private rocket firm iSpace announces $174m new financing iSpace engineers prepare the companyࢀ˜s first orbital carrier rocket which was planned to be launched from the Jiuquan Satellite Launch Center in Northwest Chinaࢀ˜s Gansu Province in July 2019 . Photo: Courtesy of iSpace Private rocket firm iSpace, dubbed Chinaࢀ˜s answer to SpaceX, announced on Tuesday the completion of 1.2 billion yuan ($174 million) in Series B financing, a record for a single round of financing in the domestic commercial aerospace sector. The investment was led by Beijing Financial Street Capital Operation…