Insider Brief
- Deep Blue Aerospace has completed its Series B3 financing round, with major contributions from Zhengyue Investment and the Zhenghe Yunfan Fund and support from Xiamen City and Jimei District.
- With this injection of capital, Deep Blue Aerospace plans to establish its international business and service headquarters in Jimei District, Xiamen City.
- Deep Blue Aerospace plans to focus on advancing the commercialization of its “Nebula” series of reusable rockets. By the end of August, the company plans to conduct a high-altitude vertical recovery flight test of the Nebula-1 sub-stage, marking China’s first attempt to recover a commercial carrier rocket.
Deep Blue Aerospace has reportedly completed its Series B3 financing round, with major contributions from Zhengyue Investment and the Zhenghe Yunfan Fund. This funding round also received support from Xiamen City and Jimei District, positioning the company to advance its commercial aerospace initiatives.
With this injection of capital, Deep Blue Aerospace plans to establish its international business and service headquarters in Jimei District, Xiamen City. This hub will focus on expanding the company’s reach in overseas markets, particularly those aligned with the Belt and Road Initiative. The headquarters will support various aerospace activities, including commercial rocket research, education, and manufacturing and testing aerospace electronic products.
The strategic location of Jimei District, with its geographic and policy advantages, aligns well with Deep Blue Aerospace’s goal of developing reusable rockets for the global market. The district’s aerospace industry planning makes it an ideal base for the company’s international objectives.
Deep Blue Aerospace will now focus on advancing the commercialization of its “Nebula” series of reusable rockets. By the end of August, the company plans to conduct a high-altitude vertical recovery flight test of the Nebula-1 sub-stage, designed for both high-altitude recovery and orbital flight missions. This will mark China’s first attempt to recover a commercial carrier rocket and aims to demonstrate reusable rocket technology’s feasibility and economic viability, which could lead to more cost-effective solutions for the commercial launch market.
Looking ahead, Deep Blue Aerospace plans to increase its investment in research and development, optimize product performance, and enhance service quality. The company will continue to collaborate with the Xiamen City Jimei District government, Zhengyue Investment, and other partners to accelerate the growth of the commercial aerospace sector in China. This collaboration aims to contribute to developing a robust national aerospace industry.
Zhengyue Investment views the commercial aerospace sector as a key driver of China’s industrial transformation. They believe that reusable rockets will be pivotal in advancing the country’s aerospace capabilities. With the Nebula-1 project, Deep Blue Aerospace could set a new standard for China’s commercial rockets, paving the way for future more efficient and cost-effective space missions.
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