# GalaxySpace filed for IPO tutoring with the Beijing bureau of the China Securities Regulatory Commission.

*aerospace · news · 2026-03-31 · Caixin*

## Key points

- GalaxySpace has filed for IPO tutoring with regulators, aiming to list on China's domestic market.
- Founder Xu Ming holds 22.04% equity but controls 72.87% voting rights via a special arrangement.
- GalaxySpace built China's first overseas satellite internet ground station in Thailand to support international expansion.
- GalaxySpace's mass production plant shortens satellite development cycles by 80% using automotive supply chains.
- China's commercial satellite launches now constitute 84% of total launches, with private designs over 40%.

**Companies:** GalaxySpace
**Countries:** China, Thailand

[Read the full story on Caixin](https://www.caixinglobal.com/2026-03-31/chinese-satellite-startup-galaxyspace-kicks-off-ipo-102429536.html)

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