#British space pioneer tyucoon full#

The firm is looking to return-to-flight in the near future, while Galactic Energy, CAS Space, Expace and others are also preparing for new missions with solid rockets. The sole commercial launch saw the failure of iSpace’s Hyperbola-1 solid rocket. Generally, funding for Chinese commercial space companies is seen coming from a mix of private venture capital, local and national investment funds, individuals, state-owned enterprises (SOEs), academic institutions like the Chinese Academy of Sciences, and banks.Ĭhinese commercial space companies have so far attempted just one launch in 2021, while China’s main state-owned contractor has carried 23 successful orbital launches. Previous funding has come from entities including ZJU Joint Innovation Investment, linked to Zhejiang University. This is the sixth round closed by Space Pioneer. Space Pioneer is establishing major production, manufacturing and research centers in Zhangjiagang, a port city along the Yangtze river. The latest Space Pioneer funding round was led by a Zhangjiagang city investment fund, private equity firm Jundu investment and Zijin Investment. Credit: Space Pioneer Credit: Space Pioneer Credit: Space Pioneer Credit: Space Pioneer A test of landing legs for Space Pioneer’s Tiansuo-1 VTVL test stage in November 2020. The overall goal was stated as developing a “flexible, efficient, diverse, and low-cost cargo transportation system.” A test of landing legs for Space Pioneer’s Tiansuo-1 VTVL test stage in November 2020. CMSA is looking to both state-owned and commercial companies for backup options as well as smaller, more economical supply missions. China’s human spaceflight agency announced in January a solicitation for proposals for low-cost cargo transportation to assist space station operations.Ĭhina currently uses 13-metric-ton Tianzhou cargo spacecraft to supply its space station core module, using Long March 7 rockets. Notably it adds meeting the needs of a Chinese Space Station cargo project as an objective. Space Pioneer says it is developing low-cost, highly reliable launch vehicles to respond to the requirements of China’s national Satellite Internet project, launching domestic and international commercial satellites and generally boosting China’s space economy. Space Pioneer also performed multiple hot fire tests of its 30-ton-thrust HCP liquid engine in the first half of 2021. Fellow Chinese commercial firms iSpace and Deep Blue Aerospace are also closing in VTVL test stage “hop” tests. Space Pioneer says it also completed the final assembly of the Tiansuo-1 vertical takeoff, vertical landing test stage in recent days. The first flight was slated for 2021 but Space Pioneer offered no date for the Tianlong-1 launch with the funding announcement.

Space Pioneer stated in September 2020 that the first flight vehicle would have a payload capacity to low Earth orbit of more than three metric tons. Few details of the Tianlong-1 rocket have been revealed. The funds will be used for the first flight on the Tianlong-1 reusable kerosene-liquid oxygen launch vehicle.

#British space pioneer tyucoon full#

Space Pioneer, full name Beijing Tianbing Technology Co., Ltd., closed a pre-B funding round worth “hundreds of millions of yuan” or at least 30 million of dollars, the company announced July 27. HELSINKI - Chinese commercial rocket company Space Pioneer has secured a large funding round ahead of reusable “hop” tests and a first orbital launch.