Star Glory has completed its D+round financing and delivered the first batch of funds worth 700 million yuan

Recently, Star Glory completed the first round of D+financing with a capital of 700 million yuan delivered. This round of financing is led by Chengdu Advanced Capital's fund, Chengdu Major Industrialization Project Phase II Equity Investment Fund Co., Ltd., and jointly invested by funds under Chengdu Airport Innovation and Entrepreneurship Investment Co., Ltd. and Chengdu Yingyuan Private Equity Fund Management Co., Ltd. The raised funds will be mainly used for the research and development of the Hyperbolic III reusable carrier rocket, the construction of the rocket production base project in Shuangliu District, Chengdu, and the construction of the engine production line in Fucheng District, Mianyang City. This financing marks the full launch of the strategic cooperation between Star Glory and Shuangliu District, Chengdu. The coordinated layout of "Deyang Mianyang Chengdu" has been achieved in Sichuan, which will comprehensively help activate the commercial aerospace industry ecology in Sichuan.