Gbtimes reports that Chinese startup OneSpace plans to launch its second suborbital rocket by the end of the month. The rocket will be an OS-X1 series suborbital rocket, named Chongqing Liangjiang Star, which has a height of 10.2 m, a diameter of 0.85 m and mass at liftoff of 8.1 metric tonnes. No information on the payload was made available. The launch will take place at the Jiuquan Satellite Launch […]
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SpaceX Falcon 9 lifts off with a Dragon resupply ship on April 2, 2018. (Credit: NASA)
by Douglas Messier
Managing Editor
SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.
“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.
CASIC Rocket Technology Company, also known as EXPACE, reports that it has raised 1.2 billion yuan ($181.5 million) to develop its Kuaizhou family of satellite launchers, Xinhua reports.
CASIC Rocket Technology Company, based in the central city of Wuhan, said it signed fund raising agreements with eight investment institutions at the Shanghai United Assets and Equity Exchange Monday.
Zhang Di, vice president of China Sanjiang Space Group and chairman of CASIC Rocket Technology, said the original shareholders did not participate in the capital raising.