Beijing Financial Street Capital Operation Center, a real estate development company, led a $173m Series B funding round in iSpace, a private Chinese space launch firm. The round was also participated by CICC, Taizhonghe Capital, Sequoia Capital, CITIC Securities, China Merchants Securities, Yaxiang Xingtai, Shanghai Pudong Science and Technology and CDH Investment. This round of financing will be mainly used for the development of the hyperbolic series of launch vehicles, the development of the focus series of reusable liquid oxygen methane engines and the construction and training of talent teams.