A $46 million investment has been made in a Chinese hypersonic spaceplane firm

In a new investment round disclosed Monday, Chinese startup Space Transportation secured over $46.3 million for the hypersonic spaceplane plans. According to a press statement, Space Transportation, formally known as Beijing Lingkong Tianxing Technology Company Ltd., has finalized its third funding phase, raising more than 300 million yuan. The funding will be used to create commercial hypersonic and suborbital vehicles, with Space Transportation laying out a 10-year plan for reusable vehicles development. Through 2022, the company plans a series of large-scale technological verification flights, with a first flight of the suborbital space tourism vehicle concept in 2023 and a crewed…