Core Viewpoint - Beijing Yushi Space Technology Co., Ltd. has completed nearly 100 million yuan in angel + round financing, led by Qiancheng Capital, to support rocket product development, production testing base construction, and team expansion [3][6]. Company Overview - Yushi Space focuses on the development and manufacturing of high-capacity, low-cost, and rapidly reusable liquid rockets, being the only team in China utilizing a stainless steel rocket and "chopstick" capture arm recovery scheme [5][6]. - The AS-1 rocket has a diameter of 4.2 meters, with a one-time payload capacity exceeding 15 tons and a recovery capacity of over 10 tons, achieving a launch cost as low as 20,000 yuan per kilogram [5]. Team and Talent Acquisition - The founding team has extensive experience in rocket design, propulsion, and recovery, with key members holding advanced degrees from prestigious institutions and significant industry experience [5][6]. - The team has doubled in size over the past two months, indicating rapid expansion and ongoing recruitment efforts [6]. Production and Testing Facilities - The production testing center has been completed and is fully operational, capable of comprehensive development for secondary rocket products, including structure manufacturing and system integration [6]. - The center has achieved a 99% first-pass yield in low-temperature tank welding, showcasing high manufacturing quality [6]. Product Development and Future Plans - The AS-1 rocket's secondary tank has been delivered and assembled, with upcoming tasks focused on assembly testing, static fire tests, and ground tests for the full-size capture arm prototype [7]. - The company is currently in the process of a third round of financing, building on previous successful funding rounds totaling over 100 million yuan [7]. Investor Insights - Qiancheng Capital emphasizes the potential of stainless steel structures and liquid oxygen-methane propulsion as optimal solutions for achieving extremely low costs [8]. - Huacang Capital highlights the advantages of Yushi Space's stainless steel rockets over traditional aluminum alloy designs, noting significant cost reductions and advancements in reusable technology [9]. - Lingge Venture Capital praises the team's rapid progress and execution capabilities, expressing confidence in their future contributions to China's commercial space sector [9].