Satellite Maker Spacety Raises $190 Million to Advance IPO Plans
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The Spacety exhibition area at the Zhongguancun Forum in Beijing. Photo: VCG
Chinese commercial satellite developer Spacety Co. Ltd. has raised 1.3 billion yuan ($190 million) in equity financing to scale up production as it advances plans for an initial public offering.
The fundraising comes as a growing number of Chinese commercial aerospace startups rush to public markets to fund capital-intensive efforts to catch up with global peers.
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- Spacety raised 1.3B yuan ($190M) in equity from investors like Wuxi Liangxi Fund to scale production and pursue IPO.
- Founded 2015, launched China's first private satellite (2016) and commercial SAR satellite (2020); 21 missions, 38 satellites launched.
- Entered IPO tutoring Feb. 3; amid wave of Chinese aerospace IPOs, e.g., LandSpace, CAS Space.
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Who’s Who
- Spacety Co. Ltd.
- Spacety Co. Ltd., a Chinese satellite developer founded in 2015, raised 1.3 billion yuan ($190M) in equity financing to scale production and prep for IPO (tutoring started Feb. 3). It has launched 38 satellites, including China's first private (Xiaoxiang-1, 2016) and commercial SAR (Haisi-1, 2020). Factory produces 50 CubeSats and 10x 500kg satellites yearly. (68 words)
- Turing Ventures
- Turing Ventures participated as an institutional investor in Spacety Co. Ltd.'s 1.3 billion yuan ($190 million) equity financing round, aimed at scaling satellite production and commercialization.
- Puhua Capital
- Puhua Capital participated as an institutional investor in Spacety Co. Ltd.'s 1.3 billion yuan ($190 million) equity financing round to scale production and advance IPO plans.
- China Reform Securities Capital Co. Ltd.
- China Reform Securities Capital Co. Ltd. participated as an institutional investor in Spacety Co. Ltd.'s 1.3 billion yuan ($190 million) equity financing round to support production scaling and IPO plans.
- Guotai Haitong Securities
- Guotai Haitong Securities is the firm guiding Spacety Co. Ltd. through its IPO tutoring phase, which began on February 3.
- LandSpace Technology Co.
- LandSpace Technology Co., a rocket manufacturer, had its IPO application for the STAR Market accepted on Dec. 31, 2025, seeking to raise 7.5 billion yuan.
- Space Pioneer
- Space Pioneer is a Chinese rocket maker currently in the IPO tutoring phase, amid a wave of commercial aerospace IPOs in China.
- Galactic Energy
- Galactic Energy, a Chinese rocket maker, is currently in the IPO tutoring phase alongside Space Pioneer and i-Space, amid a wave of commercial aerospace IPOs in China.
- i-Space
- i-Space is a Chinese rocket maker currently in the IPO tutoring phase, alongside Space Pioneer and Galactic Energy, amid a wave of commercial aerospace IPOs.
- GalaxySpace
- GalaxySpace completed its IPO filing on March 30 in China's commercial satellite sector.
- MinoSpace
- MinoSpace completed its IPO tutoring registration in September 2025, amid a surge of listings in China's commercial satellite sector.
- Yixing Aerospace
- Yixing Aerospace had its IPO tutoring registration accepted in December 2025, amid a wave of IPOs in China's satellite sector.
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