Unprofitable but promising rocket firm rides new rules onto STAR Market as China hustles to close the gap with SpaceX
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Chinese private rocket company LandSpace Technology Co. Ltd. has received the green light to list on Shanghai’s STAR Market, marking a potential first for China’s fledgling commercial space sector. The company aims to raise 7.5 billion yuan ($1.1 billion) through the offering.
Listing is the first accepted under a fast-track process for pre-revenue rocket companies, as China prioritises space development.
The rocket-maker plans to raise $607 million in Shanghai as private aerospace firms compete to develop launch vehicles to meet…
The Shanghai operator is drawing interest from state-backed investors as it races to build its Qianfan megaconstellation and…
China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.
Bolstered by improved market sentiment, LandSpace and others seek funding in onshore markets to fuel growth.
China has ramped up its space initiatives to compete with SpaceX’s ascent in the last three years, with some commercial space…
