The Chinese race for space is on

A senior iSpace executive tells FinanceAsia that the private rocket firm is preparing for a record-breaking launch in 2019.

The Chinese race for space is on

iSpace, a Chinese rocket startup, hopes to catch the tailwinds of the excitement of this week's Chinese probe landing on the moon to launch its future fundraising.

Investors poured Rmb700 million $101 million into the company up to September last year, the company said about its A-plus round on Thursday.

Huo Jia, vice president of iSpace, told FinanceAsia that proceeds will be used for rocket engine development and to...

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