KevinJamesNg

Traveling through time and space & Doing timey wimy stuff.

In which iSpace in which it is the first Chinese Private Space Company to do so successfully commercially first out from sixty known private space companies in China..  founded in Beijing 2016 located in Beijing Economic and Technological Development Zone or known for short as E-Town… launching the SQX-1 Y1 from one of many CNSA-China National Space Administration launching complexes, launching from Jiuquan Satellite Launch complex, in which is situated in North East China…. Located at the Gobi Desert Inner Mongolia ……

On July 8 Wednesday, 2020, Beijing Focus Interspace Technology Co., Ltd (referred to as “Interplanetary Glory”). independently developed Focus One (codename “JD-1”) reusable liquid oxygen methane engine successfully passed the continuous variable thrust Long-distance test run , test run time 200 seconds. This test verified the correctness of the JD-1 thrust adjustment system, and obtained accurate data on the JD-1 continuously variable thrust function and performance. The test was a complete success. According to public information, this is the first time that China has completed a large-scale continuous thrust adjustment test for a pump-type cryogenic engine……

 On August 25, 2020, Beijing Interstellar Glory Space Technology Co., Ltd. (hereinafter referred to as “Interstellar Glory”) announced the completion of RMB 1,192.5 million in Series B financing. This round of financing was led by the Beijing Financial Street Capital Operation Center, including CICC Jiazi, Guanghe Xincheng, Taizhonghe Investment, Sequoia Capital China Fund, CITIC Securities, China Merchants Securities, Xuanshi Tiancheng, Shanghai Science and Technology Fund, Yinshengtai Capital, Linglong Jinshan Equity Investment, Yaxiang Xingtai, Kailian Capital, Zhuhai Shunlian, Nanping Baiyi, etc. participated in the investment. Old shareholders Jingwei China, CDH Investment, and Ganquan Capital continued to participate in the investment. Thanks to all shareholders for their trust and support for Interstellar Glory!

This round of financing will be mainly used for the development of the hyperbolic series of launch vehicles, the development of the focus series of reusable liquid oxygen methane engines, and the construction and training of talent teams .

Interstellar Glory is a leading domestic commercial aerospace company with the mission of expanding human living space. Previously, the company had obtained CITIC Juxin, Boyu City, Jiutai Lanshan, Xiangyang Zhengqi, Tianfeng Ruili, Ruixin Capital, Fosun Group, Shunwei Capital, Jingwei China, Solan Investment, CDH Investment, and Electronics Invested by more than ten well-known domestic investment institutions and strategic partners such as Galaxy, Ganquan Capital, World Financial Finance, Jinggang Hezhong, etc. Since its establishment, Interstellar Glory has always adhered to the technological development path of ” from solid to liquid, from small to large ” (from solid-powered rockets to liquid-powered rockets, and from small launch vehicles to medium and large launch vehicles). Since the last round of financing, Corresponding progress has been made in the research and development of solid launch vehicles and liquid reusable launch vehicles:

In terms of solid launch vehicles , on July 25, 2019, Interstellar Glory successfully completed the launch of the Hyperbolic One Yaoyi launch vehicle at the Jiuquan Satellite Launch Center, and the model’s first flight is about to send the payload into the predetermined orbit with extremely high precision, becoming the first in China. A private company that successfully completed the launch mission of a carrier rocket into orbit has achieved a breakthrough in the successful launch of a Chinese civilian-operated carrier rocket.

Regarding liquid reusable launch vehicles , the Focus One reusable liquid oxygen methane engine independently researched and developed by Interstellar Honor has successively completed a series of important ground tests such as full-system long-range test runs, secondary start test runs, and large-scale continuous variable thrust test runs. , Laying the foundation for the successful launch of Hyperbola-2 reusable launch vehicle .

In the future, Interplanetary Glory will continue to carry out the commercial launch of the small solid launch vehicle Hyperbola One, the small liquid reusable launch vehicle Hyperbola 2, the medium liquid reusable launch vehicle Hyperbola 3, and the reusable liquid oxygen methane. The research and development work of Engine Focus One. The company plans to conduct a 100-kilometer-level vertical take-off and landing test of the first sub-class of Hyperbola 2 in 2021 , and perform the first flight and first-class vertical recovery mission of the first flight of the hyperbola 2 in the same year .

In April this year, the National Development and Reform Commission clarified the scope of “new infrastructure” for the first time. Satellite Internet was incorporated into the communications network infrastructure along with 5G, Internet of Things, and Industrial Internet. As the only means of transportation for carrying satellites and other payloads into orbit, launch vehicles have a broad market space. In this context, Interstellar Glory will continue to lay a solid foundation in the private commercial aerospace field, and actively explore the market space in suborbital travel, commercial space station construction and other large-scale space applications and deep space exploration …

 

Images and visuals are from Weibo

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