China's Deep Blue Aerospace draws a dozen backers in Series C extension

What's the deal? Jiangsu Deep Blue Aerospace has closed a Series C extension round, the company announced in September 2026. More than a dozen investors joined, including Haisong CapitalDealroom has a profile for this one. Try Dealroom →, Hongrun Construction, Huafu Growth Investment, Yida CapitalDealroom has a profile for this one. Try Dealroom →, and the Shanghai Free Trade Zone FundDealroom has a profile for this one. Try Dealroom →.

What does it do? Deep Blue Aerospace is a commercial space company that develops and manufactures reusable liquid-fuelled rockets and sells launch services. Its main product line is the Nebula series, which includes the Nebula-1 and Nebula-2 reusable rockets.

What's the endgame? The rockets are paired with the company's Thunder series of liquid-oxygen kerosene engines — the Thunder-R1 and the Super Thunder — the core hardware behind reusable launch. Reusability is central to lowering the cost of getting payloads into orbit.

Who's backing it? The round drew a wide mix of capital: Muzhiwan, Xi Venture CapitalDealroom has a profile for this one. Try Dealroom →, Wanshi Venture CapitalDealroom has a profile for this one. Try Dealroom →, Xianjun InvestmentDealroom has a profile for this one. Try Dealroom →, Zhuoyuan AsiaDealroom has a profile for this one. Try Dealroom →, Ruishi Growth, and others joined the named leads. The breadth of participation — venture firms, a construction group, and a government-linked fund — points to broad institutional interest.

The signal: Deep Blue Aerospace sits among China's private rocket makers racing toward reusable launch, the technology that reshaped the global market. A crowded investor list for an extension round signals continued appetite for the country's commercial space sector.

Image credit: NASA Goddard Photo and Video