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Star Glory completes 5.037 billion yuan D++ round of financing
According to reports, Galaxy Glory has completed its D++ funding round, raising 5.037 billion yuan. This round was jointly led by Tongchuang Weiye and veteran investor Tokyo Ming Capital. The funds raised will mainly be used to further accelerate the development and commercialization of Galaxy Glory’s reusable liquid oxygen-methane launch vehicle models; at the same time, the focus will be on the “land-based launch and sea-based recovery” technical approach, strengthening investment in sea recovery capabilities, actively participating in and supplementing launch capacity development, and other initiatives. (Science and Technology Innovation Board Daily)