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- Deep Blue Aerospace
Deep Blue Aerospace Valuation, Funding & Investors
Deep Blue Aerospace is valued at $700M as of March 2025.
Last Deep Blue Aerospace valuation
$700M
Series B · Mar 2025
Last Deep Blue Aerospace funding round
$69M
Series B · Mar 2025
Cumulative funding Deep Blue Aerospace raised
$238M
across 3 funding rounds
Key investors in Deep Blue Aerospace
DT Capital Partners
Galaxy Capital
Zhencheng Capital
Zhuoyuan Capital
Wuxi Investment Holding Group
Origo Partners
Deep Blue Aerospace Overview
About Deep Blue Aerospace
Deep Blue Aerospace is a Beijing-headquartered commercial space company developing reusable liquid-propellant rockets. The firm operates R&D centers in Yizhuang and a test base in Shaanxi's Tongchuan, producing Nebula series launch vehicles for satellite deployments. Certified as a national high-tech enterprise, it provides orbital launch services to domestic clients.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$700M (Mar 2025)
Deep Blue Aerospace Valuation
Deep Blue Aerospace is currently valued at $700M, based on its Series B in March 2025.
The $69M round was led by Tai'an Yuanwang New Energy Industry Investment Fund.
Deep Blue Aerospace's valuation has grown 3.7x from $189M at its Series A in January 2022 to $700M in March 2025, across 3 priced rounds.
Deep Blue Aerospace valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2025 | Series B | $700M |
| Jul 2024 | Series B | $725M |
| Jan 2022 | Series A | $189M |
Deep Blue Aerospace Funding History
Deep Blue Aerospace has raised a total of $238M across 3 funding rounds.
Deep Blue Aerospace's first fundraising round was a $32M Series A in January 2022. The most recent completed round was a $69M Series B in March 2025.
Deep Blue Aerospace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2025 | Series B | Tai'an Yuanwang New Energy Industry Investment Fund (lead) | $69M | $700M | Deep Blue Aerospace is a Chinese aerospace company founded in 2016 specializing in the development of liquid-fueled recoverable and reusable launch vehicles. The company's core business encompasses research and development, manufacturing, testing, and commercial launch services for reusable rockets designed to deliver payloads into low Earth orbit. Deep Blue completed its B4 funding round on March 6, 2025, raising 500 million yuan (approximately USD 69-71 million) led by Tai'an Yuanwang New Energy Industry Investment Fund, a subsidiary of Taishan Industrial Development Investment Group. The funding was intended to strengthen the aerospace cluster in Tai'an, Shandong Province during a critical transition period for China's recoverable rockets from technology validation to commercial operations. The company is developing its Nebula-II launch vehicle, which features a first stage powered by 11 Thunder-RS engines in parallel configuration capable of lifting more than 25 tons into low Earth orbit with over 1,000 tons of total thrust to support large-scale satellite constellation launches. Deep Blue has established China's largest liquid rocket engine test site by land area in Jinan, Shandong, and has implemented a vertically integrated manufacturing and supply chain strategy that clusters production of core engine components near the test facility. Since launching Series B financing in May 2024, Deep Blue completed multiple rounds bringing cumulative funding to over 1 billion yuan (USD 140 million) with a stated post-money valuation of approximately 5 billion yuan (USD 700 million) as of the B4 round. The company's Nebula-1 vehicle is targeting an orbital debut, which would position Deep Blue as potentially the third Chinese private launch company to reach orbit with a liquid-fueled rocket and the first to achieve an orbital-class booster landing if successful. |
| Jul 2024 | Series B | Wuxi Investment Holding Group (lead) | $138M | $725M | Deep Blue Aerospace, founded in 2016, specializes in liquid-fueled recoverable and reusable launch vehicle technology, with core business spanning R&D, manufacturing, testing, and commercial launch services. The company develops reusable rockets like Nebula-II to deliver over 25 tons to low Earth orbit using 11 Thunder-RS engines, each producing 130 tons of thrust at ground level and designed for over ten reuses via 3D printing processes to cut costs and support satellite constellations. Since launching Series B in May 2024, it has completed multiple rounds including Series B - II on July 31, 2024 led by Wuxi New District Technology Financial Venture Investment Group (aligned with Wuxi Investment Holding Group), Series B - III on August 13, 2024, and later rounds up to Series B - IV in March 2025, bringing cumulative funding over RMB 1 billion (USD 140 million). Current valuation reached approximately RMB 5 billion (USD 700 million) post these 2024 rounds. |
| Jan 2022 | Series A | Zhencheng Capital (lead); Galaxy Capital; Origo Partners; DT Capital Partners; Zhuoyuan Capital | $32M | $189M | Deep Blue Aerospace (DBA), a private Chinese high-tech commercial aerospace enterprise founded in 2016 and headquartered in Nantong, Jiangsu Province, focuses on developing reusable rockets comparable to international standards, including the Nebula series rockets and Leiting series engines, with R&D centers in Beijing and Xi'an, and a manufacturing base in Tongchuan, Shaanxi. The company provides launch services to Chinese and international markets and has achieved milestones like the first free flight of a Chinese liquid oxygen kerosene rocket in vertical take-off and vertical landing (VTVL) in July 2021 and a 100-meter VTVL recovery test in October 2021. It plans to complete the first orbit launch-recovery mission of its Nebula-M1 rocket by the end of 2024 to commence commercial operations of recyclable carrier rockets in China. A Series A funding round on January 17, 2022, raised $31.48 million. Subsequent rounds include a Series A - II on April 19, 2022, led by CMBC International with participation from existing shareholders like Zhencheng Capital, to fund recyclable rocket technology, 3D printing, and infrastructure. Later financings encompass multiple Series B rounds in 2024 (May 28, July 31, August 13) and Series B - IV on March 6, 2025, with investors such as Wuxi New District Technology Financial Venture Investment Group, Zhengyue Investment, and Taishan Industrial Development Investment Group. |
Who has invested in Deep Blue Aerospace?
7 investors have backed Deep Blue Aerospace across its funding rounds, including DT Capital Partners, Galaxy Capital, Zhencheng Capital, Zhuoyuan Capital, Wuxi Investment Holding Group and Origo Partners.
Lead investors include Tai'an Yuanwang New Energy Industry Investment Fund, Wuxi Investment Holding Group and Zhencheng Capital.
Deep Blue Aerospace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Lead | Jul 2024 | ||
| 1 | Participant | Jan 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDeep Blue Aerospace Competitors
Deep Blue Aerospace competitors include listed companies like Creotech Instruments and QPS Holdings, and private ones like Aerospace Yuxing, Gilmour Space Technologies, Zero Gravity Aircraft Industry and Venus Aerospace.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $707M | - | ||
| Private | - | - | $721M | - | ||
| Publicly listed | $38M | $10M | $672M | 10.7x | ||
| Private | - | - | $630M | - | ||
| Private | - | - | $778M | - | ||
| Publicly listed | $24M | $20M | $608M | 28.2x |
Deep Blue Aerospace Public Comps
Deep Blue Aerospace is still privately-owned, but its public comps include Creotech Instruments, Elmet Group, Park Aerospace, QPS Holdings, Bjsasc, Aerostar, Figeac Aero, ShinMaywa Industries, Officina Stellare and U-LEAM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38M | $10M | 17.3x | 10.7x | 63.5x | 51.0x | |||
| $202M | $6M | 3.1x | 2.7x | 110.3x | 21.6x | |||
| $73M | $15M | 7.8x | 7.2x | 37.4x | 32.3x | |||
| $24M | $20M | 21.0x | 28.2x | 25.7x | 124.5x | |||
| $181M | $6M | 3.5x | - | 113.7x | - | |||
| $138M | $27M | 3.5x | - | 18.1x | - | |||
| $561M | $78M | 1.5x | 1.5x | 11.1x | 8.8x | |||
| $1.8B | $146M | 0.5x | 0.5x | 6.4x | - | |||
This data is available for Pro users. Sign up to see all Deep Blue Aerospace competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Deep Blue Aerospace
| When was Deep Blue Aerospace founded? | Deep Blue Aerospace was founded in 2017. |
| Where is Deep Blue Aerospace headquartered? | Deep Blue Aerospace is headquartered in Zhengzhou, China. |
| Is Deep Blue Aerospace publicly listed? | No, Deep Blue Aerospace is a private, VC-backed company. |
| What is Deep Blue Aerospace's valuation? | Deep Blue Aerospace was last valued at $700M in its Series B in March 2025. |
| How much funding has Deep Blue Aerospace raised? | Deep Blue Aerospace has raised $238M across 3 funding rounds. |
| What was Deep Blue Aerospace's last funding round? | Deep Blue Aerospace's last funding round was a $69M Series B in March 2025, led by Tai'an Yuanwang New Energy Industry Investment Fund. |
| Who are Deep Blue Aerospace's investors? | Deep Blue Aerospace's investors include Galaxy Capital, Origo Partners, Tai'an Yuanwang New Energy Industry Investment Fund, Wuxi Investment Holding Group, DT Capital Partners, Zhencheng Capital and Zhuoyuan Capital. |
| Which companies are comparable to Deep Blue Aerospace? | Companies comparable to Deep Blue Aerospace include Aerospace Yuxing, Gilmour Space Technologies, Creotech Instruments, Zero Gravity Aircraft Industry, Venus Aerospace and QPS Holdings. |
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