Chinese Rocket Company LandSpace Raises $175 Million

Landspace Zhuque-1 booster (Credit: Landspace)

Chinese launch company LandSpace announced on Wednesday that it has completed a series C+ funding round valued at $175 million (1.2 billion yuan) to fund its Zhuque-2 booster.

Landspace raised $73 million (500 million yuan) in a C round last December.

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China’s LandSpace Soliciting Payloads Worldwide for ZhuQue-2 Launcher

Credit: LandSpace

BEIJING, Aug. 29, 2019 (LandSpace PR) — On August 28, Chinese leading commercial launcher developer and launch service provider LandSpace Technology Corporation Ltd. (LandSpace) announced during MAKS-2019 that the company is seeking and accepting payloads from around the world for the maiden launch of its proprietary ZhuQue-2 (ZQ-2) launcher powered by a LOX/LCH4 liquid-propellant rocket engine (LRE).

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