aerospace / news / / Caixin
Chinese private rocket company LandSpace Technology Co. Ltd. has received the green light to list on Shanghai’s STAR Market.
LandSpace Technology is the first Chinese private rocket firm approved for STAR Market listing.
KEY POINTS
- LandSpace aims to raise 7.5 billion yuan ($1.1 billion) from the IPO.
- Shanghai's STAR Market accepted LandSpace's IPO application on December 31.
- Chinese regulators recently clarified IPO rules for unprofitable tech firms in priority sectors.
- Other Chinese space startups like CAS Space and Space Pioneer are preparing for domestic listings.
COMPANIES
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