Chapter 123 A new round of financing for Guangjia Aerospace

To meet the requirements of China's compound eye project, one must understand both radar and algorithms, and it is really difficult to recruit such people.

If you don't give them a position, you won't be able to recruit them even if you pay them. People without a position are worse than dogs in the system.

Not to mention talented people, people don’t even want to come here, let alone those who work on algorithms.

Chen Yuanguang said: "Well, you come up with a recruitment plan, what kind of people do you want to recruit, what are the specific requirements, we will recruit them in the name of Guangjia Aerospace, and after recruiting them, let these people go to work in Yudu and Yanjing.

We give housing subsidies.”

Because the Chinese compound eye had not been put into use before, the demand for algorithms was not so urgent.

Now the edge radar has been installed, and we are just waiting for the core radar to be optimized and installed. The entire project is about to be put into production, and the subsequent overall usage level depends almost entirely on the level and team of the algorithm personnel.

Mao Ke also seized the rare opportunity to communicate with Chen Yuanguang face to face and indirectly raised his demands.

"That's good. I'll send you the recruitment requirements via email later.

In fact, the most important thing is to be proficient in computers and algorithms. It is difficult to recruit plug-and-play talents, and there are too few such talents.

What we want to do is to recruit people and then train them slowly, even if it’s a little slow.

Guangjia Aerospace is recruiting very well. You are very influential in China now. Our masters and doctors mentioned Guangjia Aerospace and said it is a good place to go.

There are some PhD students in our group who are about to graduate and they want me to introduce them to them and see if I can help them get a job internally," said Mao Ke.

Indeed, since Guangjia Aerospace successfully launched a bundled reusable rocket this year and signed a contract with the China Aerospace Science and Technology Corporation to obtain the China Space Station cargo transportation project, Guangjia Aerospace has become the most popular player in the domestic aviation field.

BYD has saved countless fresh graduates by himself, and became known as Dizi. He offers offers as long as you click on them, and became the savior of materials science, one of the four pitfalls. Before, he earned 10 yuan, but after having Dizi, he earned 20 yuan, and became the No.1 in everyone's mind.
The momentum of Guangjia Aerospace is even stronger than that of BYD. Although compared with other commercial aerospace companies, there is no essential difference in the treatment of Guangjia Aerospace, the only difference is an annual salary of 50,000 or 100,000.

But light armor aerospace has prospects, and the results are visible to the naked eye.

Especially this year, because of the success of Guangjia Aerospace, Guangjia Aerospace has become a national business, and many commercial airlines that originally wanted to take the reusable rocket route are still holding rockets in the laboratory.

They all couldn't hold on any longer and either went bankrupt or laid off employees. The first to be laid off were definitely the new graduates who had just joined the company not long ago.

Once this matter fermented on Weibo and Xiaohongshu, Guangjia Aerospace became the first choice, with a higher priority than the Aerospace Research Institute.

Chen Yuanguang said: "Welcome, we are very short of people now, as long as there is no problem with the character and ability, we will accept you.

If you can study for a PhD under Professor Mao, you must have no problem with your ability. We will take some simple personality tests and give you an offer if you pass them.

How about this, I will talk to the HR and ask them to go to the Institute of Electronic Radar of the Chinese Academy of Sciences to organize a special job fair later."

Mao Ke nodded: "Okay, thank you for your help."

He felt that he had already helped his students to gain opportunities. Mao Ke was an old man with a young heart and understood the current market situation very well.

Only now can Chen Yuanguang make such a promise. In a few years, it will be difficult for even a doctor to go to light armor aerospace.

Because what China lacks the least is people. For example, SpaceX receives three million resumes from all over the world every year. For SpaceX's light armor aerospace, there will be less and less shortage of people in the future.

Mao Ke went on to say: "Yuanguang, because the radar array we designed this time has the core radar installed first, and we can continue to optimize it later."

They adopted a unique design, that is, the radar is detachable, and the core radar can be replaced without affecting the use of the entire radar array.

This is a semi-modular radar array.

“What we just talked about is the optimization strategy before it is officially launched.

In the long run, there are two main directions.

One is on radar chips. Radar chips should use high-computing power and highly integrated radar chips, which can be more adaptable to artificial intelligence algorithms.

The second is the distribution link and intelligent control system, which needs to be continuously optimized in the future.

The first thing is that we must find external suppliers to cooperate with, and the second thing is whether we should do it ourselves or outsource it to other companies.”

Chen Yuanguang: "Let me think about it again."

After that, the plane fell into silence. Chen Yuanguang did not ask any more questions because he felt that the other party was tired and he also needed to think carefully.

After getting off the plane, he went straight to Longjiao Town, Yunyang County, Yudu, and officials from Yudu accompanied him throughout the trip.

"Mr. Chen, Academician Mao, we in Yudu attach great importance to this project. The district, the Science and Technology Bureau, and the Project Demonstration Management Bureau will supervise the entire process."

The Guangjia Group's companies have no investments in Yudu, and Yudu attaches great importance to Chen Yuanguang's visit, mainly to see if they can attract investment.

All of the companies under Chen Yuanguang are high-tech enterprises, which are currently the favorites of local governments for attracting investment.

Chen Yuanguang only responded superficially to the officials' enthusiasm, mainly because he was not involved in manufacturing and had no projects that could be placed in Yudu.

Unless Guangjia Aerospace also builds cars in the future, the problem is that the Yangtze River Delta or Pearl River Delta regions have more advantages in building cars than Chongqing.

After arriving at Zhongzhou Island, standing on the nearby mountain to look at the China Compound Eye Project, it looks somewhat like a technological wonder.

Multiple huge radar antennas are arranged in a certain pattern on Zhongzhou Island, forming a vast radar array area, with only a few points vacant, which are reserved for core radars.

Each radar antenna is a huge metal structure, tens of meters high and quite wide.

The surfaces are coated with special materials to better receive and transmit radar signals. These antennas are tilted at a certain angle.

“From the control center, these edge radars have started to operate and they have the ability to receive signals.

The core radar of the entire China Compound Eye project can be seen as an indicator of China's Compound Eye detection capabilities.

The value of this indicator determines the detection range of the entire Chinese compound eye.

Now the lack of core radar can be regarded as this indicator being zero. It affects the detection range of the entire China Compound Eye project very little, but it will not be zero.

Because each radar antenna is also emitting radio waves in a specific direction.

These radio waves will be reflected back after encountering the target object, forming an echo signal.

Each radar antenna receives these echo signals and converts them into electrical signals.

The electrical signal is then transmitted to the control center of the radar array, which is where we are now.

The staff processed and analyzed the signals.

Once the core radar is deployed, the entire system can operate at full power." Mao Ke briefly introduced.

After visiting the progress of the Huaguo Compound Eye Project that day, Chen Yuanguang was very excited after returning to the hotel. This was a project he created personally, and it was also related to the success or failure of the entire asteroid mining in the future.

He posted a Weibo post with photos of the visit today:

"The Huaguo Compound Eye Project sincerely invites algorithm talents to join. Interested parties are welcome to[email protected]Please send your resume and write "Huaguo Fuyan" in the email name. "

Chen Yuanguang recruits directly online, and his efficiency in posting on Weibo is much faster than the company’s HR going to major recruitment websites.

The comments below were quickly drowned out by comments from other netizens.

"Can I go if I graduate from a technical secondary school?"

"Is it okay if I graduate from a junior college?"

“Is it okay if I graduate from high school?”

These types of comments are accompanied by graduation certificates from corresponding schools, which are from institutions that I have never even heard of.

Of course, there are also serious ones, such as the American IP, and the picture is the student ID card of the Massachusetts Institute of Technology:

"Brother, I am currently studying for a doctorate at MIT. Can I come to work at Guangjia Aerospace after graduation? I am very interested."

The comments in this thread are all: "Brother, we are teasing the God of Light, are you serious?"

The recruitment mailbox of Guangjia Aerospace received thousands of emails that evening, including many top talents.

This is the appeal of Light Armor Aerospace.

After visiting Yudu, Chen Yuanguang did not return to Pengcheng, but rushed to Shenhai without stopping. He was going to hold a new round of fundraising meeting in Shenhai.

The progress of Light Armor Aerospace is faster than expected, and the money is also being burned faster than expected.

The patent licensing fees for perovskite batteries are a considerable cash flow, but this cash flow is at most 20 to 30 billion RMB a year.

Because it charges by volume, major photovoltaic manufacturers have just started production, and the production capacity has not increased, so the patent fees paid to Guangjia Aerospace are limited. Guangjia Aerospace plans to raise US$50 billion in this round of fundraising, which is the largest single fundraising in the past decade.

It was still in the Marriott Hotel conference hall that could accommodate 2200 people before.

Unlike the first phase, this time Guangjia Aerospace does not need to invite everyone one by one. It only needs to leak the news and these financial institutions will come to them automatically.

Moreover, this time, it is not only state-owned capital that is coming, but also a large amount of foreign capital and private capital.

More than 700 investment institutions came, and there were not enough seats in the conference hall, so we asked the hotel staff to add some seats.

"Manager Chen, long time no see." Duan Zhizhong, senior project manager of Hefei Emerging Industry Development Fund, added the word "senior" to his title after he managed the Light Armor Aerospace project.

Sitting next to him was Chen Jing'an, an investment manager at Shenzhen Capital Group. The two institutions they worked for were the two largest investors in Guangjia Aerospace's first round of financing.

The two became familiar with each other because of this project. This time when they sat together, Duan Zhizhong also wanted to find out how much Chen Jingan or Shenzhen Capital Group planned to invest.

"Manager Duan, long time no see. How much do you plan to invest in Hefei this time?" Chen Jing'an started to inquire about the enemy's situation right away.

Before you came here, you all knew that this round of Light Armor Space Plan would raise 350 billion RMB. Considering that US dollars cannot be used, the price will be directly denominated in RMB.

This is a huge number and should be the largest single financing in recent years.

Duan Zhizhong said with a smile: "We would like to buy it all directly.

The problem is that we don’t have that much money, so we can invest 5 billion at most.”

Because of the huge scale of fundraising, there is no confrontation between the two parties.

But at a certain point, the two sides are in an adversarial relationship, or even a zero-sum game, and that is the location of the Guangjia Aerospace Headquarters.

Currently, the Guangjia Aerospace R&D Center is in Pengcheng, and the functional departments remain in Shenhai, which brings significant benefits to Pengcheng.

At this stage alone, a large number of companies have been encouraged to survive by relying on orders from Guangjia Aerospace, and it is expected that the entire aviation industry will be driven to settle in Pengcheng in the future.

Hefei is so envious, even though we have also invested.

Chen Jing'an said with emotion: "Hefei is really willing to spend money on investment, we don't have such a big budget.

By the way, didn’t you discuss this during your internal seminar before you came?

When will this end? If the follow-up is really as Mr. Chen said, with 20 billion US dollars in the first round, 50 billion US dollars in the second round, 100 billion in the third round, and 150 billion in the fourth round.

The overall fundraising scale will be unprecedentedly large, and the relative risks will also be unprecedentedly large.

Do you really intend to keep following?

The achievements of Light Armor Aerospace are astonishing, but the speed at which they are burning money is also astonishing."

Duan Zhizhong sneered: "Do you know how much money NIO has raised in total?"

Chen Jing'an understood immediately that NIO had raised a total of more than 700 billion yuan in funds. Although the unit of measurement was RMB, several rounds of fundraising were in US dollars.

Obviously a gambling man.

Chen Jing'an said: "That's right. In 19, when NIO hit rock bottom and its share price dropped from $10 to just over $1 and was on the verge of delisting, you still invested 70 billion in NIO when Hillhouse Capital liquidated its shares and Sequoia Capital reduced its holdings. You were indeed not afraid."

Hefei is known as the local government that is best at investing, and is absolutely gambling when it comes to investment.

The most important thing is to win the bet.

Duan Zhizhong said: “We dare to bet on NIO, so why not Guangjia Aerospace, which has such an impressive track record?

Guangjia Aerospace is not listed, and Mr. Chen only receives millions of yuan in remuneration from Guangjia Aerospace every year, and he himself does not have any equity incentives.

We audit the entire financial situation every year. Even if money is spent, it is all spent on R&D. R&D does have results, and some large expenditures are very clear.

Either it is a joint venture with YT City to build a space launch vehicle, or it is the China Compound Eye Project, a collaboration with the Chinese Academy of Sciences and Yenching University of Technology. This is open and transparent, there is no interest transfer, and the rights and interests of shareholders are protected.

If there are results, we will follow even if they spend money faster.”

Duan Zhizhong continued: "If Pengcheng feels that the risk is too great and does not want to follow, they can transfer the shares to us. Our request is also very simple, that is, to move the R&D center to Hefei.

Hefei happens to be in the Yangtze River Delta region, so Guangjia Aerospace can further develop the region in the future.”

Chen Jing'an thought of Hefei's glorious deeds and felt that this was indeed something they could do.

When the fiscal revenue was 300 billion yuan that year, Hefei dared to invest 90 billion yuan in BOE to build a production line. The gene of gambling is still there even after several leadership changes.

He cannot make the decision, and the fact that Shenzhen Capital Group sent him as a representative shows its attitude. He will definitely follow, but he is not sure how much.

If the Guangjia Aerospace R&D Center were to go to Hefei, Pengcheng would be able to get rid of Chen Jingan and all the leaders of Shenzhen Capital Group.

Representatives from various investment institutions were whispering below, chatting about projects and gossip with familiar representatives. As Chen Yuanguang walked out of a small door at the side and onto the prepared podium, the noise at the scene suddenly quieted down.

The shadow of a famous tree.

Chen Yuanguang tapped the microphone and said, "Many people came this time, even more than last time.

I am a bit socially anxious and I get nervous easily when I see so many people.

There is only one purpose this time, which is to raise funds. Guangjia Aerospace plans to raise 350 billion yuan in this round, and then allocate corresponding equity to everyone according to the scale of fundraising.

Let me make it clear in advance that equity is just equity, it has little to do with voting rights, and we will not distribute dividends in the short term.

Our long-term goal is to realize asteroid mining. In the process of pushing Light Armor Aerospace in this direction, a large number of valuable derivative technologies will surely be developed.

For example, perovskite batteries have been popular from last year to this year. This year, I read the financial news on Lin Jia’s computer and saw a large number of research reports on perovskite and photovoltaic companies. I believe that the investment managers here have also written similar research reports.

The perovskite battery technology was developed by Guangjia Aerospace, which will bring Guangjia Aerospace a sustained and stable cash flow.

All major photovoltaic companies and new energy vehicle companies that use perovskite battery technology need to pay patent fees to Guangjia Aerospace.

However, we will not distribute dividends from the profits generated by derivative technologies in this process. Even if we make a profit, it will only be used for R&D investment in the second year.

We will not distribute dividends until we achieve our ultimate goal. If you invest in this project and want to receive dividends, you have to wait until Guangjia Aerospace brings the minerals from the asteroid back to Earth and sells them. Only then will this portion of the proceeds be used to distribute dividends.

Of course, as the founder of Guangjia Aerospace, I have full confidence that we can do this, but I still want to tell you in advance that this will be a long process.

It will probably take ten years to see results.

Although once successful, the benefits will be staggering.

But everyone should fully consider their risk tolerance before investing. "

Chen Yuanguang is very frank, but at his point in life, he is not short of people willing to invest in him.

Since the successful launch of Pioneer 2, foreign capital that was originally not interested in the Light Armor Aerospace project has also come to the door. For example, Sequoia, Goldman Sachs, and Morgan have expressed their willingness to invest in the project to the financing department of Light Armor Aerospace.

In their view, the global commercial aerospace market can accommodate two companies, and considering the general background of the confrontation between America and China, there must be two companies.

In the Western world, no company can shake SpaceX's position in the field of commercial aviation. Not Blue Origin, not Rocket Lab and not Bigelow.

And in the East, light armor aerospace seems to be the most promising.

As for whether Light Armor Aerospace can really go to the asteroid and bring back the ore, they don't care.

It would be best if it can be done, if not, Light Armor Aerospace is also a rare good project on the market, but it is a bit expensive.

“This round of financing will be mainly used for rocket research and development, large-scale rocket launches, and space station launches.

This time we need to launch our own space station as a transit base after mining from asteroids.

So the overall financing scale is 350 billion RMB.”

There was a lot of noise at the scene and everyone was getting a little restless.

Because building a space station is really a thankless task, and the economic benefits are terribly low.

If you make reusable rockets, you can take orders and not only will you make back your investment, you will also make some money.

However, the income from the space station can only come from the wealthy who want to go to space and experience life in space.

　This week should be able to make 10,000 yuan a day.

　　
　
(End of this chapter)