The company's value has sky-rocketed to more than $330 million after a cash injection from largely international investors.

Funds will go toward a project that could revolutionise the space sector.

The spaceplane company has raised US$25 million (NZ$43m) in its latest funding round, rocketing the company to a US$195m (NZ$335m) valuation.

The company's value has sky-rocketed to more than $330 million after a cash injection from largely international investors.

Dawn Aerospace has raised $25 million to scale up its work in both in-space transportation and suborbital spaceplanes.