Recently, Space Honor Aerospace Technology Group Co., Ltd. announced the completion of the closing of the first batch of funds worth 700 million yuan in its Series D+ financing round. This round of financing was led by a fund under Chengdu Advanced Capital, with participation from multiple funds. The raised funds will be primarily used for the research and development of the Hyperbola-3 reusable launch vehicle, the construction of the rocket production base project in Shuangliu District, Chengdu, and the construction of the engine production line in Fucheng District, Mianyang.