Dahang Leapfrog Completes 500 Million Yuan Financing to Accelerate the Development of China's First Launch Pad Recoverable Rocket

Dahang Leapfrog recently completed a 500 million yuan financing round, led by several well-known capital firms. This round of financing will be used to accelerate the development and maiden flight of its core product—China's first reusable launch vehicle with a launch tower, "Leapfrog-1"—as well as the research and testing of a 100-ton-class liquid oxygen-methane engine. Founded in 2024, Dahang Leapfrog focuses on the research and development of medium-to-large reusable launch vehicles, aiming to provide low-cost, highly reliable space transportation services.