A number of China’s emerging rocket companies have secured major funding rounds in recent weeks as competition to reach orbit intensifies.

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China’s main space contractor aims to launch at least 140 spacecraft across more than 50 launches in 2022 following its busiest year in space so far.

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Chinese rocket firm Deep Blue Aerospace is developing a reusable launch vehicle in the hopes of securing commercial and launch contracts for commercial and major national projects.

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Chinese commercial rocket maker Galactic Energy raised $200 million in two funding rounds during the second half of 2021, the company announced Monday.

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Chinese private company Landspace is working towards a first launch of its new methane-fueled Zhuque-2 rocket with the construction of launch facilities at Jiuquan.

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China’s main space contractor will target more than 40 orbital launches this year, including completion of the Tiangong space station, following 48 successful launches in 2021.

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China successfully conducted its 54th and 55th orbital launches of 2021 Dec. 29, launching satellites from the Jiuquan and Xichang spaceports within hours of each other.

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