i-Space Aerospace Technology Group Co., Ltd. (hereinafter referred to as "i-Space"), a unicorn enterprise in China's commercial rocket industry, has recently successfully closed the initial tranche of its Series E financing round, raising nearly 1 billion yuan. The primary investors in this round are several bank-affiliated Asset Investment Companies (AICs), with the overall fundraising campaign still in progress. According to reports, the proceeds from the Series E round will be earmarked primarily for the research and development, as well as mass production, of the Hyperbola-3 reusable launch vehicle. Additionally, the funds will support capacity expansion for the Focus-2 liquid oxygen and methane engine, launch and offshore recovery support initiatives, and technical pre-research for heavy-lift launch vehicles. Once the funds are fully utilized, they are expected to expedite the inaugural flight of the main recoverable liquid rocket, drive down the costs associated with orbital launches, and offer reliable, high-frequency, and cost-efficient commercial launch services to both domestic and international constellation operators.