HomeSpace NewsA new Chinese rocket company has raised more than $100 million

A new Chinese rocket company has raised more than $100 million

One of China’s newest launch startups has been raising serious amounts of money for its range of increasingly complex “Gravity” launch vehicles.

Orienspace was founded in 2020 and announced itself last year after securing initial funding of $65 million, detailing plans for a series of rockets. The firm has just secured a further $47 million, the company announced in January, making it one of the most well-backed Chinese launch startups despite its youth.

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