One of China's newest launch startups has been raising serious amounts of money for its range of increasingly complex "Gravity" launch vehicles.Orienspace was founded in 2020 and announced itself last year after securing initial funding of $65 million, detailing plans for a series of rockets. The firm has just secured a further $47 million, the company announced in January, making it one of the most well-backed Chinese launch startups despite its youth.The company aims to launch its first rocket, Gravity 1, in 2023. Gravity 1 uses a combination of a liquid propellant core stage with simpler, solid propellant boosters. The 102-foot-long (31 meters) rocket is planned to be capable of launching 6,600 pounds (3,000 kilograms) to low Earth orbit, or LEO.Related: The latest news about China's space program
NEW DELHI, Feb 9 : Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that 75 StartUps have registered under space technology category in the StartUp India portal and after the Modi Government’s recent path breaking decision to, for the first time since independence, open up the Space sector to private sector, ISRO (Indian Space Research Organisation) has […]