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Deep Blue Aerospace Raises $298M for Reusable Rockets

September 24, 2026

2 min read

Key Takeaways

Deep Blue Aerospace raises nearly 2 billion yuan in B6/B7 rounds.
Funding will accelerate reusable liquid rocket development.
Nebula-1 and Nebula-2 launch vehicles to benefit from investment.
Mass production of Thunder series engines also planned.

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Strategic Implications

This investment may signal growing confidence in China's commercial space sector, particularly in reusable rocket technology. Deep Blue Aerospace's progress could indicate a shift in the global space launch market, with potential implications for cost reduction and efficiency gains in commercial spaceflight.

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What Happened

Chinese Space Startup Secures Funding for Nebula Series Development

Deep Blue Aerospace, a Chinese space startup, has raised nearly 2 billion yuan in B6 and B7 funding rounds to accelerate the development of its reusable liquid launch vehicles, including the Nebula-1 and Nebula-2. The investment will also support the mass production of the company’s Thunder series liquid oxygen/kerosene engines. With this funding, Deep Blue Aerospace aims to reduce the cost of access to space through vertical recovery and reuse of the rocket’s first stage. This development was first reported by BigGo Finance.

Source | Originally Published: September 24, 2024

Companies Mentioned