Star Glory completed nearly 1.2
billion B round of financing, Beijing Financial Street
Capital Operations Center led the investment.
August 25, 2020
Beijing Interstellar Glory Space
Technology Co., Ltd. announced the completion of a
RMB1,192.5 million B round of financing. This round of
financing by the Beijing Financial Street Capital
Operations Center led investment, ZHONGC Azi, Guanghe
Xincheng, Thai-China Investment, Sequoia Capital China
Fund, CITIC Securities, China Merchants Securities,
Tilse Tiancheng, Shanghai Ketron Fund, Yinshengtai
Capital, Lingling Jinshan Equity Investment, Yaxiang
Xingtai, Kailian Capital, Zhuhai Shunlian, Nanping Baiyi
and other investment, the old shareholders through
WeiWei, Dingyu Investment, Ganquan Capital and so on.
Thank you to all shareholders for their trust and
support in Star Glory!
This round of financing will be
mainly used for the development of the twin-curve series
launch vehicle, the development of the focus series
reusable liquid oxygen methane engine, as well as the
construction and training of the talent team.
Interstellar Glory is a leading
commercial space enterprise with the mission of
expanding human living space. Previously, the company
has received CITIC Juxin, Boao City, Kutai Blue
Mountain, Puyang Zhengqi, Tianfeng Ruili, Ruixin
Capital, Fosun Group, Shunwei Capital, Latitude China,
rate investment, Dingyi Investment, Electric Xinghe,
Ganquan Capital, Ward Rongjin, Beijing-Hong Kong United
and more than 10 domestic well-known investment
institutions and strategic partners.
Since its inception, Interstellar
Glory has consistently adhered to the "solid-to-liquid,
small-to-large" technology development path (from
solid-powered rockets to liquid-powered rockets, from
small launch vehicles to medium- and large-scale launch
vehicles), and has made corresponding progress in the
development of solid and liquid reusable launch vehicles
since the last round of financing:
Solid launch vehicle, July 25,
2019, Interstellar Glory in Jiuquan Satellite Launch
Center successfully completed the Twin Curves 1 remote
one carrier rocket launch mission, and the first flight
of the model will be loaded into a predetermined orbit
with extremely high precision, becoming China's first
successful completion of the launch mission of the
launch vehicle into orbit of the private company, to
achieve a successful launch of China's private launch
vehicle zero breakthrough.
Liquid reusable launch vehicle,
Interstellar Glory independent research and development
of the focus of the first reusable liquid oxygen methane
engine, has completed a number of system-wide long-range
test, secondary start test, large-scale continuous
thrust test, such as a series of important ground tests,
for the double curve 2 reusable launch vehicle to lay
the foundation.
In the future, Interstellar Glory
will continue to conduct commercial operational launches
of small solid launch vehicles, as well as research and
development of small liquid reusable launch vehicles
Double Curve II, medium liquid reusable launch vehicle
Twin Curves III, reusable liquid oxygen methane engine
focus one, etc. The company plans to carry out a
double-curved 2st child 100 km vertical take-off and
landing test in 2021, and in the same year to carry out
a double-curved 2st remote launch and a child vertical
recovery mission.
In April this year, the National
Development and Reform Commission for the first time
defined the scope of "new infrastructure", satellite
Internet and 5G, Internet of Things, industrial Internet
into the communication network infrastructure, low-orbit
satellite Internet into a high-speed development stage.
As the only means of transport currently in orbit for
payloads such as satellites, the launch vehicle has a
wide market space.
Against this background,
Interstellar Glory will continue to lay a solid
foundation in the field of private commercial
spacefighting and actively explore market space for
large-scale space applications such as sub-orbital
travel, commercial space station construction, and deep
space exploration.
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