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DISPATCH 04/26 · 22 Oct 2026
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Company Dossier

Deep Blue Aerospace

Chinese private launch startup building the reusable kerolox Nebula-1 (VTVL, first-stage recovery) and a larger Nebula-2, chasing SpaceX-style reuse to feed China's Guowang/Qianfan military-relevant megaconstellations.

Deep Blue Aerospace
FIG.01 · DISPATCH Illustration. Generated key image, not a photo of the event.
FILE · deep-blue-aerospaceOpen-source file · BattlePolicy ProStatus Private commercial launch firm operating under China's military-civil fusion framework — nominally private but state/local-government funded and aligned with state megaconstellation goals. NOT on any US sanctions/Entity List or OFAC list as of mid-2026; like most Chinese launch startups, currently unsanctioned.Unverified
Deep Blue Aerospace
Space / LaunchCNPrivate commercial launch firm operating under China's military-civil fusion framework — nominally private but state/local-government funded and aligned with state megaconstellation goals. NOT on any US sanctions/Entity List or OFAC list as of mid-2026; like most Chinese launch startups, currently unsanctioned.
Chinese private launch startup building the reusable kerolox Nebula-1 (VTVL, first-stage recovery) and a larger Nebula-2, chasing SpaceX-style reuse to feed China's Guowang/Qianfan military-relevant megaconstellations.
Founded
November 2016some sources say 2017
HQ
Nantong, Jiangsu, ChinaR&D: Beijing Yizhuang, Xi'an; engine base: Taian, Shandong
Headcount
Not reliably disclosedverify
Total raised
~$100M est.Tracxn ~$102M; unverified
Valuation
Reported >RMB 5B (~$690M) — unconfirmed
Stage
Late-stage private / pre-first-orbital-launch
Restricted · BattlePolicy Pro

The rest of the Deep Blue Aerospace file

  • ▸Background — founding, ownership and how the company got to here
  • ▸Financial footing — rounds, valuation, backers and who is exposed
  • ▸Customers & contracts — live join against our Procurement Tracker
  • ▸Leadership — who runs it, and the contact surface
  • ▸Competitive position — who it beats, who beats it, and on what
  • ▸Battlefield relevance — confirmed combat use versus company claim
  • ▸Sources — every citation this file is built on
  • ▸Analyst verdict — where the evidence is thin and what would change our call
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