汉中火箭创业者，一举拿下50亿融资

Core Insights - The private aerospace company, Galactic Glory, has completed a record-breaking D++ round financing of 5.037 billion yuan, marking the largest single financing in China's private rocket sector [1][2]. Financing Details - The financing round was led by Tongchuang Weiye and Jingming Capital, with follow-up investments from Ganquan Capital, Chengdu Industrial Investment, and over ten new institutions including Dian Shi Capital and Longxin Venture Capital [2][3]. - The previous financing round (D+ round) occurred on September 18, 2025, raising 700 million yuan, led by Chengdu's major industrialization project equity investment fund [3]. Company Development - The funds raised will primarily accelerate the development and commercialization of the "Hyperbola-3" rocket, enhancing capabilities in assembly, testing, sea recovery, and experimental launches [4]. - The "Hyperbola-3" is a medium to large reusable rocket using liquid oxygen and methane, crucial for achieving land launch and sea recovery [5]. Leadership Background - Founder Peng Xiaobo, a veteran in the aerospace industry, has a history of working on the Long March series rockets and founded Galactic Glory in 2015 after leaving a state institution [6][7][8]. - The company achieved a significant milestone in 2019 by successfully launching its first major product, the "Hyperbola-1" rocket, becoming the first private company in China to reach orbit [9]. Challenges and Strategic Shift - Following initial successes, the company faced setbacks with three launch failures of the "Hyperbola-1" between 2021 and 2022, prompting a strategic shift towards reusable technology [12]. - The current focus is entirely on the "Hyperbola-3," which is designed to meet high-frequency, low-cost launch demands for satellite constellations and cargo transport to space stations [13][14]. Future Plans - The "Hyperbola-3" is scheduled for its first flight with orbit and sea recovery by the end of 2026, with significant testing already completed [15]. - Other companies, such as Deep Blue Aerospace and Tianbing Technology, are also expected to enter the reusable rocket market in 2026, intensifying competition [16]. - The first company to achieve orbit is likely to compete for the title of "the first commercial aerospace stock on the Sci-Tech Innovation Board" [17].