Private Space Launch Company LandSpace Raises CNY 352 Million
LandSpace, which develops and operates liquid fuel rockets, has obtained CNY 352 million from Country Garden Venture Capital (碧桂园创新投资), Lightspeed China Partners (光速中国), Gopher Asset Management (歌斐资产) and a few other backers.
Providing launch services, LandSpace uses liquid oxygen methane as its main propellant. Like other companies in the space, it is expected to benefit from China's national aerospace strategy.
This text is a result of machine translation.
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