HELSINKI — Chinese reusable launch vehicle maker has secured a first batch of series E funding, months after a huge D++ round, with fundraising still ongoing. The funding is the opening raise of a planned series E round, securing iSpace nearly $148 million (1 billion yuan), according to STCN, a Chinese financial news outlet. The development follows iSpace securing a record $729 million in February this year, dedicated to reusable rocketry and expanding the company’s industrial footprint. The company launched what it described as the country’s first rocket recovery ship in August 2025, with the vessel subsequently undergoing testing. The moves come amid a wider wave of capital flowing into China’s commercial space sector.