spacenews.com
Chinese startup Spark Space tests engine, raises funds for electric-pump rocket
Chinese startup Spark Space has secured funding for its electric-pump-fed rocket, the Jinhua-1, following successful engine tests. The rocket is set to debut in 2027 and will be powered by nine Lieyan-2 engines, giving it a liftoff thrust of 90 tons. The company has raised nearly 100 million yuan in a Pre-A round and tens of millions of yuan in Pre-A+ funding, with plans to use the funds to develop the rocket. The Jinhua-1 has a payload [...]