For the first time ever, Chinese investors are pouring serious money into private space start-ups in China, hoping to find and fund China’s own version of American space pioneer SpaceX. In the past year (August 2017 till now), a total of seven companies have raised more than RMB1.66 billion (US$241 million) from investors, according to China Money Network’s proprietary data. The biggest round is a RMB1.2 billion (US$180 million) series A round in Chinese commercial space launch company ExPace Technology Co. The year …

Chinese Investors Ignite Passion In Private Space Start-Ups In Search Of China’s SpaceX appeared first on China Money Network.