Recently, LandSpace has completed the series C round of financing, raising capital of more than CNY 500 million, the investor is Country Garden Venture Capital. As of December, LandSpace has completed a total of over CNY 600 million in financing in 2019. In September 2018, China Zhongji Investment joined a Series B round in LandSpace.

According to LandSpace, the capital raised in this round will be mainly used for the development and launch preparation of ZQ-2 liquid rocket and the verification of rocket reuse technology. In the future, it will continue to strengthen the development and mass production capabilities, core processes and test support capabilities of the ZQ-2 rocket and TianQue engine, and gradually begin technical iterations to maintain the continued leadership of LandSpace in the field of commercial liquid rockets.

LandSpace is a Chinese company engaged in the development and operation of rockets. Focusing on the small and medium-sized commercial aerospace application market, the company is committed to the development of liquid-fuel rocket engines and commercial launch vehicles with independent intellectual property rights. It designs, manufactures, and tests products with highly integrated design capabilities and stand-alone innovation capabilities.