---
title: "Behind the rise in single financing amounts in commercial aerospace: Investors begin to compete for quotas, multiple companies advance IPOs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276663110.md"
description: "Since the end of last year, commercial space projects have entered a quota competition mode. On February 12, Interstellar Glory completed a D++ round financing of 5.037 billion yuan, setting a record for the largest single financing amount for commercial rocket companies in China. At the same time, Beijing Arrow Yuan Technology completed a B round financing, Hefei Xinghuo Space Technology completed tens of millions in angel + round financing, and Galaxy Space completed a C round financing. In terms of IPOs, Blue Rocket's Sci-Tech Innovation Board IPO application has been accepted, and China Aerospace has completed IPO counseling, with multiple companies advancing their IPOs"
datetime: "2026-02-24T00:46:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276663110.md)
  - [en](https://longbridge.com/en/news/276663110.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276663110.md)
---

# Behind the rise in single financing amounts in commercial aerospace: Investors begin to compete for quotas, multiple companies advance IPOs

"Since the end of last year, commercial space projects have entered a quota competition mode," said a primary market investor in the commercial space sector. On February 12, Interstellar Glory announced the completion of a D++ round financing of 5.037 billion yuan, setting a new record for the highest single financing amount for commercial rocket companies in China. In the same month, Beijing Arrow Yuan Technology also announced the completion of a B round financing, Hefei Spark Space Technology announced the completion of tens of millions of yuan in Angel+ round financing, and Galaxy Space completed a C round financing. Regarding IPOs, currently, Blue Rocket Aerospace Technology Co., Ltd.'s Sci-Tech Innovation Board IPO application has been accepted; China Aerospace Technology Co., Ltd. has completed IPO counseling; Interstellar Glory Space Technology Co., Ltd., Beijing Xinghe Power Aerospace Technology Co., Ltd., and Beijing Weina Starry Sky Technology Co., Ltd. are also advancing their IPOs

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