Shanghai Dahang Yueqian Aerospace Technology Co., Ltd. has secured 500 million yuan in funding to accelerate the development and maiden flight of its "Yueqian-1" reusable launch vehicle. The company is pioneering the "chopsticks-like" tower capture recovery technology in China, a method similar to SpaceX's, which significantly reduces structural weight and cost per use compared to traditional landing legs. The raised capital will also support the development of a 100-ton-class liquid oxygen methane engine and the company's self-developed flight control system, aiming for a 2027 maiden flight. AI
IMPACT Accelerates development of reusable launch vehicles, potentially lowering satellite deployment costs.
RANK_REASON Significant funding round for a commercial space company developing reusable rocket technology.
- 36Kr
- flight control system
- Chen Shuguang
- Chopsticks-like tower capture
- Huaxing Capital
- liquid oxygen methane engine
- Qiao Yujie
- Shanghai Dahang Yueqian Aerospace Technology Co., Ltd.
- Shenghou Cable
- SpaceX
- Yuan Sila
- Yueqian-1
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