Deep Blue Aerospace raises nearly RMB 2 billion to advance reusable liquid rockets

Deep Blue Aerospace has completed two financing rounds totaling nearly RMB 2 billion, backed by well-known industrial capital and professional institutions, with proceeds going to R&D and industrialization of its reusable liquid-rocket families. Focused on reusable liquid launchers, its Nebula rockets and Thunder engines are recognized in the industry; it was among the earliest in China to finish low-altitude vertical recovery tests, targeting the inflection toward scaled commercial spaceflight.