Recently, Space Pioneer made an exciting announcement: it has successfully raised nearly 2.5 billion yuan in its latest Pre-D and D round of financing. This round of funding saw the participation of several renowned institutions. The bulk of these funds will be channeled into preparing for the mass production of rockets and engines, as well as advancing the development of next-generation products. The aim is to propel significant breakthroughs and foster the industrialization of commercial space technology. Since its inception six years ago, Space Pioneer has successfully navigated through multiple rounds of financing.

In April 2023, the company achieved a major milestone when its Tianlong-2 rocket successfully embarked on its maiden voyage. More recently, the full-system sea test of the Tianlong-3's first-stage power system was carried out with great success, setting a new benchmark for the thrust capabilities of domestic commercial space liquid rocket engines. This achievement paves the way for the Tianlong-3's inaugural launch, which is slated for the end of the year.

The Tianlong-3 is projected to boast a near-Earth orbit capacity exceeding 20 tons, with performance metrics that are on par with SpaceX's Falcon 9. This rocket is poised to meet the burgeoning launch demands of satellite internet services, address the market void for high-capacity rockets, and expedite the deployment process of low-Earth orbit constellations.