Pseudo-private rocket company in China raises $200 million from Chinese investors – Behind The Black – Robert Zimmerman

The Chinese pseudo-private rocket company Galactic Energy has successfully raised $200 million from a number of Chinese investors, money that the company will use to develop a mid-size rocket with a reusable first stage.

Though the company is not directly funded by the Chinese government, it is not an independent private company, which is why I label it “pseudo.” Everything it does is closely supervised and approved by the communist government. Also, some of this investment money apparently came from “state-backed investment vehicles,” which in plain language are fronts used by the government to funnel funding to these companies while maintaining the false appearance the companies are entirely private.

The fake nature of this charade has apparently influenced the decisions of real investors…