China's rocket startup Orienspace raises nearly $84m

China's rocket startup Orienspace raises nearly $84m

FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

China’s private rocket developer Orienspace has raised nearly 600 million yuan ($83.67 million) to fund rocket development, it said on Wednesday, as China’s demand for commercial launches of satellites is expected to increase.