Commercial rocket unicorn Interstellar Glory has completed the first batch of E-round deliveries amounting to nearly 1 billion yuan.

The domestic commercial rocket unicorn, Interstellar Glory Aerospace Technology Group Co., Ltd., has recently completed nearly 1 billion yuan in the first batch of funds for its E round financing, with investment coming mainly from several bank-affiliated AIC institutions. The overall fundraising efforts for the E round are still ongoing. It is understood that the funds raised in this round will be focused on four core areas: the research and development and mass production of the Hycurve-3 reusable launch vehicle, the capacity construction of the Focus-2 liquid oxygen-methane engine, the launch and offshore recovery supporting projects, and the preliminary research on heavy-lift rocket technology. The disbursement of funds will accelerate the first flight process of the primary reusable liquid rocket, reduce the cost of orbital launches, and provide stable, high-frequency, and cost-effective commercial launch services for various satellite constellation operators both domestically and abroad. (Kechuangban Daily)