19 December 2017
Chinese commercial space launch company ExPace Technology Co., one of nearly a dozen companies in China with aspirations to be China’s SpaceX, has raised a RMB 1.2 Billion (US$180 Million) series A round from eight unnamed investors. The company plans to use the latest funds to develop space launch vehicles, invest in up-stream and down-stream commercial space industry, as well as to improve its assembling capabilities, according to a company announcement. ExPace was founded in 2016 by China Aerospace Science and Industry Co. and China Sanjiang Space Industry Group Corporation CASIC as the first private company in China providing professional space launch services.
MORE...