> LandSpace raised 900 million yuan ($120 million) in December from a state-owned fund focussed on advanced manufacturing, while in 2020 it raised 1.2 billion y

> LandSpace raised 900 million yuan ($120 million) in December from a state-owned fund focussed on advanced manufacturing, while in 2020 it raised 1.2 billion yuan ($170 million), Chinese corporate databases showed. https://www.reuters.com/science/chinas-landspace-launches-improved-methane-powered-rocket-2025-05-17/ https://www.reuters.com/science/chinas-landspace-launches-im... They need to raise a lot more if they want to build a Starship-class rocket. Small government injections like the $120 million last year won't move the needle much. I somewhat doubt the "billions" of dollars WSJ is reporting, unless they include state-owned rocket companies like CASC, or non-rocket companies, like military companies.