aerospace / news / / Caixin
GalaxySpace filed for IPO tutoring with the Beijing bureau of the China Securities Regulatory Commission.
GalaxySpace has filed for IPO tutoring with regulators, aiming to list on China's domestic market.
KEY POINTS
- 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
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