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iSpace's D++ funding round was led by Tongchuang Weiye and Jingming Capital with eighteen private investors and six provincial or municipal capital funds participating.
On February 12, iSpace concluded its D++ funding round, raising 5.037 billion Yuan (729.6 million United States Dollars as of February 13).
iSpace will improve facilities in Beijing, Shaanxi, Hainan, Sichuan, and Guangdong.
iSpace will accelerate plans for its reusable launch vehicle Hyperbola-3 and expand production and testing capacities for relevant systems using the new funding.
The February rehearsal and piston upgrade followed a December 2025 exercise in which only the transporter-erector was driven from iSpace’s launch preparation facilities and parked just short of the launch pad attachment points.
On February 6, iSpace and Hainan International Commercial Aerospace Launch Co Ltd rehearsed transferring the Hyperbola-3 pathfinder to Commercial Launch Pad 2 at the Wenchang Commercial Space Launch Site, placing it on its transporter-erector, driving it to the pad, and moving it into the launch position with the transporter-erector swinging away.
iSpace has made no liquid rocket launch attempt to date.
iSpace raised $729 million (5 billion yuan) in a D++ series funding round.
iSpace secured D++ round funding of 5 billion rmb.
iSpace conducted a TE rehearsal with the Pad-2 of Wencheng commercial.
ispace will examine interface compatibility between the payload transport box and its lunar lander.
Daimon and ispace will jointly pursue realization of a transport box that safely delivers small payloads to the lunar surface and enables their deployment on the Moon.
Daimon will provide a deployment system that is transported to the lunar surface by ispace’s lunar lander to enable release of small payloads.
ispace and Daimon signed a basic agreement on January 30, 2026 to study development of a payload transport box for mounting on lunar landers.
ispace will use Daimon’s deployment system on an ispace-developed lander to transport the deployment system and enable release of small lunar surface payloads.
ispace, headquartered in Chuo City, Tokyo, and Daimon, headquartered in Chuo City, Tokyo, signed a basic agreement on January 30 to study development of a payload transport box for lunar landers.
iSpace conducted a TE rehearsal with Pad-2 of Wencheng commercial on January 28, 2026.
ispace plans to utilize lunar water resources to enable in-space fuel provision and thereby reduce rocket transportation costs.
ispace aims to build an economic sphere from Earth to the Moon and is pursuing commercial missions to enable high-frequency lunar transport.
ispace has been tasked to examine the practical effectiveness of draft recommendations on lunar debris mitigation and disposal management from the perspective of a commercial mission operator.