A Beijing-based private space launch company, LandSpace, announced on Sept. 9 that it completed its C+ round of financing worth nearly 1.2 billion yuan.
LandSpace, a Beijing-based private space launch company founded by Tsinghua University, completed its Series C round of financing to the tune of $71 million.
LandSpace conducted a long-range trial of the variable thrust on its liquid oxygen methane engine TQ-12, which can be used for the recovery of reusable rockets, on October 26.
I-Space, one of China's private aerospace companies, launched the carrier rocket SQX-1 Y1 containing multiple satellites and other payloads from Jiuquan Satellite Launch Center in Gansu province on July 25.
