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Updates on Invested Projects
On June 25, 2026, Hurun Research Institute officially released the 2026 Global Unicorn Index, featuring a total of 1,603 unlisted innovative enterprises worldwide valued at over USD 1 billion. Orienspace (Shandong) Technology Co., Ltd., a leading commercial aerospace firm whose investment was closed by JUMBO SHEEN FUND in June 2026, has newly secured a position on the ranking as a standout newcomer within the commercial aerospace sector this year. This achievement attests to the long-term growth value of hard technology tracks and marks another major milestone for JUMBO SHEEN FUND in its deep cultivation of cutting-edge strategic industries.
Authoritative Ranking Recognition: Orienspace Joins the Ranks of Global Unicorns
Founded in June 2020, Orienspace (Shandong) Technology Co., Ltd. boasts a core team with backgrounds from state-owned aerospace institutions, who possess decades of experience in medium-to-heavy launch vehicles. The company independently develops full-stack core components including aerospace engines, and takes hybrid solid-liquid propulsion plus large-scale low-cost launches as its core development path. It is one of the few private aerospace enterprises in China capable of offshore launches and the parallel R&D & mass production of solid and liquid rockets.
In January 2024, its self-developed solid launch vehicle Gravity-1 completed its maiden flight off the coast of Haiyang, ranking as the world’s largest solid launch vehicle to date. At present, Orienspace is accelerating the R&D, testing and manufacturing of Gravity-2 in Shandong to underpin the construction of China’s large-scale low-orbit satellite internet constellation.
The Hurun Global Unicorn Index stands among the world’s most influential rankings for innovative enterprises. It only includes unlisted tech startups founded after 2000 with a valuation exceeding USD 1 billion, representing the benchmark force of global new quality productive forces. China ranks second worldwide with 381 unicorns, adding 38 new entrants within the year, with remarkable growth seen in hard technology and commercial aerospace tracks. As a newly named unicorn of 2026, Orienspace is also the first commercial aerospace unicorn in Yantai, Shandong, filling the regional gap of aerospace unicorns.
Investment Thesis of JUMBO SHEEN FUND: Capturing the Prime Commercial Aerospace Track and Empowering the Growth of Hard Tech Unicorns
JUMBO SHEEN FUND completed its investment in Orienspace (Shandong) Technology Co., Ltd. in June 2026, marking a pivotal move in our continuous deep cultivation of cutting-edge hard technology and national strategic emerging industries.
Three core rationales underpin our bullish stance on Orienspace:
1. Commercial aerospace is entering a cycle of industrial takeoff
Demand for low-orbit satellite constellations, space internet and commercial launch services keeps surging. Bolstered by strong national policy support for private aerospace enterprises, the sector has entered a high-growth golden era with a long-term market potential valued at hundreds of billions.
2. High entry barriers built by elite team and proprietary technologies
The core management and R&D teams boast experience in rocket development from state aerospace institutions. The company independently masters full-chain technologies covering overall rocket design, engines and offshore launch capabilities. Distinct from most startups focused on a single segment, it holds outstanding comprehensive competitive edges.
3. Sustainable business model with high growth certainty
The world’s highest-capacity solid rocket aligns perfectly with current market demands to drive near-term revenue growth. Reusable liquid rockets will further cut per-launch costs and amplify economies of scale. Diversified customer order pipelines secure medium and long-term cash flows, delivering a clear and predictable growth trajectory.
Message from JUMBO SHEEN FUND
Orienspace’s successful inclusion in the Hurun Global Unicorn Index serves as dual recognition of the company’s technical prowess and commercial value from both the market and authoritative institutions. Going forward, JUMBO SHEEN FUND will continue to accompany Orienspace on its growth journey, supporting the enterprise in accelerating rocket mass production, expanding launch markets at home and abroad, and seizing opportunities arising from the development of the commercial aerospace industry.
Meanwhile, JUMBO SHEEN FUND will remain committed to its core investment focus on hard technology. We will keep identifying high-quality projects across cutting-edge tracks including commercial aerospace, artificial intelligence and semiconductors, and build more benchmark unicorn investment cases. Through the power of capital, we strive to fuel the advancement of new quality productive forces.
Jumbo Sheen Fund
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