Tech Company Financing Transactions
Beijing Space Pioneer Technology Funding Round
CCTV Fund, CITIC Group Corp. and Hefei Ruicheng joined a $207 million venture round for Beijing Space Pioneer Technology. The financing round closed on 6/6/2024.
Transaction Overview
Company Name
Announced On
6/6/2024
Transaction Type
Venture Equity
Amount
$207,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding will go towards the first launch of the new Tianlong-3 rocket, as well as its mass production and conversion for reusability. It will also be used for mass production of the smaller Tianlong-2.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Building A, Courtyard No. 36, Heyixili, Fengtai District
Beijing, Undisclosed
China
Beijing, Undisclosed
China
Phone
Website
Email Address
Overview
Space Pioneer is the first and the only private company developing next-generation environment-friendly rocket propulsion system and medium to large scale launch vehicles. Space Pioneer Ltd. was established with recent rapid and worldwide development of commercial aerospace industry. Space Pioneer is built on advanced Chinese aerospace technologies and has a global vision.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yonglai Kang
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