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

ChinaZhengzhou

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

Deep Blue Aerospace valuation by funding round
DateStageValuation
Mar 2025Series B$700M
Jul 2024Series B$725M
Jan 2022Series 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

Deep Blue Aerospace funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025Series BTai'an Yuanwang New Energy Industry Investment Fund (lead)$69M$700MDeep 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 2024Series BWuxi Investment Holding Group (lead)$138M$725MDeep 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 2022Series AZhencheng Capital (lead); Galaxy Capital; Origo Partners; DT Capital Partners; Zhuoyuan Capital$32M$189MDeep 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

Investors in Deep Blue Aerospace by funding rounds participated
InvestorHQRoundsRoleFirst check
Galaxy CapitalChinaShenzhen1ParticipantJan 2022
Origo PartnersChinaBeijing1ParticipantJan 2022
Tai'an Yuanwang New Energy Industry Investment FundChinaChina1LeadMar 2025
Wuxi Investment Holding GroupChinaChina1LeadJul 2024
DT Capital PartnersChinaChina1ParticipantJan 2022

This data is available for Pro users. Sign up to see all 7 Deep Blue Aerospace investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Deep 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.

Public and private companies comparable to Deep Blue Aerospace
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aerospace YuxingChinaBeijingPrivate--$707M-
Gilmour Space TechnologiesAustraliaGold CoastPrivate--$721M-
Creotech InstrumentsPolandPolandPublicly listed$38M$10M$672M10.7x
Zero Gravity Aircraft IndustryChinaHefeiPrivate--$630M-
Venus AerospaceUnited StatesUnited StatesPrivate--$778M-
QPS HoldingsJapanJapanPublicly listed$24M$20M$608M28.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Creotech Instruments$38M$10M17.3x10.7x63.5x51.0x
Elmet Group$202M$6M3.1x2.7x110.3x21.6x
Park Aerospace$73M$15M7.8x7.2x37.4x32.3x
QPS Holdings$24M$20M21.0x28.2x25.7x124.5x
Bjsasc$181M$6M3.5x-113.7x-
Aerostar$138M$27M3.5x-18.1x-
Figeac Aero$561M$78M1.5x1.5x11.1x8.8x
ShinMaywa Industries$1.8B$146M0.5x0.5x6.4x-

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.

See companies similar to Deep Blue Aerospace

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial