Yushi Space Completes 500 Million Yuan Series A Financing.

Recently, Beijing Yushi Space Aerospace Technology Co., Ltd. completed a round A financing of 500 million yuan, with a total financing of 1 billion yuan. This round of financing was led by Gaorong Capital and Kunlun Capital, with follow-up investments from Jianfa Emerging, Blue Lake Capital, Honghui Fund, Dongzheng Capital, Zhentai Capital, and Gengxin Capital; industrial shareholders Zijin Mining, well-known internet investment, and intelligent terminal industry jointly invested, while existing shareholders Gaohong Capital, cornerstone Capital, Qiancheng Capital, and Zhisheng Ruiying continued to invest in multiple rounds. According to Yushi Space, this round of funds will mainly be used for rocket assembly testing, chopstick recycling technology verification, rocket production capacity construction, and team building, to provide support for the first flight of the AS-1 rocket and subsequent scale operations. The company plans to produce three rockets in 2026, ensuring the first flight mission in the first half of 2027, and achieving commercialization in the second half of the year.