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https://spacenews.com/chinese-space-launch-firm-landspace-raises-71-million/


Landspace's new manufacturing facility under construction in Huzhou, China.

Chinese space launch firm Landspace raises $71 million

Chinese launch provider Landspace raises new funding while satellite firms see successful missions and Galaxy Space set for 5G satellite launch.

HELSINKI — Private Chinese space launch firm Landspace has raised $71 million in series C round funding to be used for the development of a new launch vehicle.

The new round of funding was led by Country Garden Venture Capital. It takes the total raised by Landspace in 2019 to $85 million (600 million yuan).

The new funding will be mainly used for the development of the two-stage Zhuque-2 (Vermillion Bird-2) medium-lift launch vehicle.

The new launcher is powered by liquid methane-liquid oxygen rocket engines. It will measure 48.8 meters tall with a diameter of 3.35 meters. A test flight is scheduled for 2021.

Zhuque-2 will be capable of delivering a 4,000-kilogram payload capacity to a 200-kilometer low Earth orbit and 2,000 kilograms to 500-kilometer Sun-synchronous orbit. The funding will also go towards verification of reusable rocket technology.

Landspace carried out tests of the two methalox engines powering the Zhuque-2 during the summer. A full-system hot fire test of the TQ-11, a 10-ton thrust engine for the Zhuque-2 second stage, was carried out Nov. 30. A successful 100-second test of the larger TQ-12 80-ton thrust engine for the first stage was performed during the summer.

As well as making progress on the launcher, Landspace has been moving forward with securing contracts.

Last week Landspace signed a contract with Spacety, a Changsha-based private satellite firm, for Zhuque-2 launch services. In April Landspace reached agreements with UK-based Open Cosmos and D-Orbit of Italy related to Zhuque-2.

The company earlier this year also secured about $14 million in a series B+ funding round from Shanghai Yi Sheng Investment, Luxin Venture Capital and others.
 
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smooth manifold

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Local time 15:20, Dec 16, 2019, China's Long March 3B rocket launched two Beidou-3 global navigation satellites M19, M20 from Xichang.

The mission is the 321 flight of Long March series.

Next mission:
Dec 20, 2019 China-Brazil earth resources satellite CBERS-4A and other 4 payloads
 

smooth manifold

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Local time 11:20, 20 Dec 2019, China's Long March 4B rocket launched China-Brazil earth resources satellite CBERS-4A and other payloads from Taiyuan.

The mission is the 322 flight of Long March series.

Next mission:
27 Dec 2019, Long March 5, new generation communication satellite SJ-20 from Wenchang.
 

smooth manifold

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the robotic arm that will be equipped in China Space Station. There will be two of them, a larger one and a smaller one.
 

smooth manifold

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Chinese space launch firm Glactic Energy raises $21 million

Private Chinese space launch firm Glactic Energy has raised $21 million in series Pre A round funding.

The new round of funding was led by Puhua Capital and Hua Qiang Capital.

The new funding will be mainly used for the development of its Ceres 1 small solid launch vehicle, which is scheduled for mid 2020.

 
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smooth manifold

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Local time 16:50 25 Dec 2019
A Chinese private launch firm Space Trek conducted a suborbital launch from Jiuquan Launch Center





Space Trek is developing a small solid orbital launcher scheduled for 2020
 

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Local time 8:50 23 Dec 2019
A Chinese private launch firm Space Transportation conducted a suborbital flight with its launcher TX-1. This is the second suborbital flight.
 

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