talksatellite   Asia-Pacific    

Daily news





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.