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In November 2021 the company appointed Yao Song as Co-CEO who was formerly founder of Shenjian Technology, a company that developed semiconductors for autonomous driving, smart security, cloud computing, and AI.<ref name="spacewatch">{{cite web|url=https://spacewatch.global/2021/11/spacewatchgl-column-dongfang-hour-china-aerospace-news-roundup-1-7-november/|title=#SpaceWatchGL Column: Dongfang Hour China Aerospace News Roundup 1–7 November|website=SpaceWatch.Global|access-date=2022-01-31}}</ref>
In November 2021 the company appointed Yao Song as Co-CEO who was formerly founder of Shenjian Technology, a company that developed semiconductors for autonomous driving, smart security, cloud computing, and AI.<ref name="spacewatch">{{cite web|url=https://spacewatch.global/2021/11/spacewatchgl-column-dongfang-hour-china-aerospace-news-roundup-1-7-november/|title=#SpaceWatchGL Column: Dongfang Hour China Aerospace News Roundup 1–7 November|website=SpaceWatch.Global|access-date=2022-01-31}}</ref>


In January 2022 the company has secured nearly $47.3&nbsp;million in its pre-Series A round of financing to develop powerful rocket engines.<ref name="yicaiglobal">{{cite web|url=https://www.yicaiglobal.com/news/chinese-rocket-newbie-orien-space-bags-usd473-million-in-pre-a-round|website=yicaiglobal.com|title=Chinese Rocket Newbie Orien Space Bags USD47.3 Million in Pre-A Round|access-date=2022-01-31}}</ref>
In January 2022 the company has secured nearly $47.3&nbsp;million in its pre-Series A round of financing to develop powerful rocket engines.<ref name="yicaiglobal">{{cite web|url=https://www.yicaiglobal.com/news/chinese-rocket-newbie-orien-space-bags-usd473-million-in-pre-a-round|website=yicaiglobal.com|title=Chinese Rocket Newbie Orien Space Bags USD47.3 Million in Pre-A Round|access-date=2022-01-31}}</ref>

In May 2022 the company has raised $59.9 million in a Series A funding round.<ref>https://spacenews.com/chinese-launch-startup-orienspace-raises-59-9-million-in-series-a-round/</ref>


== Marketplace ==
== Marketplace ==

Revision as of 19:57, 20 May 2022

Orienspace (also named Orien Space Shandong Technology and oSpace) is a Chinese private space launch enterprise founded in 2020 and developing the medium-class orbital launch vehicle named Gravity-1 (Yinli-1). Intended for a first flight in 2023, the rocket would have the capacity to lift 3 tons to low Earth orbit.[1]

In June 2021, the company raised $62 million in funding.[2][3]

In November 2021 the company appointed Yao Song as Co-CEO who was formerly founder of Shenjian Technology, a company that developed semiconductors for autonomous driving, smart security, cloud computing, and AI.[4]

In January 2022 the company has secured nearly $47.3 million in its pre-Series A round of financing to develop powerful rocket engines.[5]

In May 2022 the company has raised $59.9 million in a Series A funding round.[6]

Marketplace

Orienspace is in competition with several other Chinese solid rocket startups, being Galactic Energy, LandSpace, LinkSpace, ExPace, i-Space, OneSpace, Deep Blue Aerospace

References

  1. ^ "Rocket Report: NASA boosts commercial launch, another Chinese Falcon 9?". Ars Technica. Retrieved 2022-01-31.
  2. ^ "twitter.com/AJ_FI/status/1486309712660475911". twitter.com. Retrieved 2022-01-31.[self-published]
  3. ^ "东方空间完成近3亿元 PreA轮融资,加速产品研发及高效体系建设". mp.weixin.qq.com. Retrieved 2022-01-31.
  4. ^ "#SpaceWatchGL Column: Dongfang Hour China Aerospace News Roundup 1–7 November". SpaceWatch.Global. Retrieved 2022-01-31.
  5. ^ "Chinese Rocket Newbie Orien Space Bags USD47.3 Million in Pre-A Round". yicaiglobal.com. Retrieved 2022-01-31.
  6. ^ https://spacenews.com/chinese-launch-startup-orienspace-raises-59-9-million-in-series-a-round/