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LAUNCH SERVICES · OPERATOR PROFILE · DATA AS OF 2026-07-31

Deep Blue Aerospace

Active Launch Services Private HQ: Nantong, Jiangsu, China Founded 2017

Chinese commercial launch startup developing kerosene-LOX reusable small launchers (Nebula-1, Nebula-2). One of the SpaceX-style reusability bets among the post-2015 Chinese private-launcher cohort; multiple low-altitude hop tests of Nebula-1 stage.

35.8
ARI Composite
Very High Risk
#30 of 30
Peer Rank
Launch cohort
1
Total Launches
As lead operator
Estimated valuation
Not disclosed

FINANCIAL HEALTH

35.8
ARI composite · Very High Risk
Peer rank#30 of 30
Peer groupLaunch
Data coverage65%

SCHEDULE CREDIBILITY

How well this operator historically meets its own projected dates — launch NETs, company-announced roadmap milestones, and forward-dated facility plans. 100 = says what it does. Discount forward guidance accordingly.

INSUFFICIENT HISTORY
SCI · Insufficient history · 1 dated commitment
Behavioral read
insufficient history — 1 dated commitment tracked (score requires ≥5)
Source Events Late (share) Median slip Median slip, late only Sub-score On-time allowance
Launch NETs 1 1 (100%) 184 d 184 d 14.0 1 d

WORST SLIPS (RECEIPTS)

Commitment Source Announced Outcome Slip
Demo Flight not yet flown; NET changed 1x Launch NETs 2026-06-30 now NET 2026-12-31 184 d and counting

SCI = 100 × Σ(event credit) ÷ N over the trailing 36 months (2023-08-01 → 2026-07-31). Event credit = 1.0 when the commitment met its announced date (launches: net NET slip < 1 day; roadmap milestones & facility plans: within 30 days of the announced target window — month/year-precision targets count the whole period as on-time), else 30 ÷ (30 + days late beyond that allowance). Sources are pooled, so each source weighs by its event count. Sources: launch NET-change log (LL2 ingest, tracked since 2026-04-17; flown launches in coverage + not-yet-flown launches already slipped ≥1 day; cancelled launches excluded), roadmap registry milestones (company-announced targets, verified provenance only; open milestones past target count as late by days-overdue), facility_plans rows with target_date after announced_at (filing-dated rows excluded). Confidence: high ≥20 events, medium ≥8, low ≥5; no score below 5 events. 100 = says what it does.

Window: 2023-08-01 → 2026-07-31 (36 months) · launch NET log live since 2026-04-17

FLEET COMPOSITION

Every vehicle this operator has flown. Linked profiles carry the full reliability + reuse + subsystem record.

Vehicle Class Launches Success rate Reuse
Nebula 1 1

RECENT LAUNCHES

Date Mission Vehicle Orbit Outcome
Dec 31, 2026 Demo Flight Nebula 1 Delayed

SECTOR POSITION

Primary sectorLaunch Services
Rank within sector#30 of 30
Tracked peers30

REGISTRY DATA

Legal nameJiangsu Deep Blue Aerospace Co., Ltd.
OwnershipPrivate
HeadquartersNantong, Jiangsu, China
CountryCN
Founded2017
FounderHuo Liang
CEOHuo Liang
AliasesDeep Blue Aerospace, Jiangsu Deep Blue Aerospace
Key programsNebula-1, Nebula-2
IPO statusPrivately held (Chinese commercial)

Source: space_company_registry.json · Operator homepage → · Wikipedia summary of Deep Blue Aerospace and Nebula vehicle program.

METHODOLOGY

Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.

Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.