Satellite Maker Spacety Kicks Off IPO as China’s Commercial Space Race Heats Up
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Founded in 2015, Spacety initially focused on developing scientific research satellites for universities
Tianyi Space Technology Research Institute Co. Ltd., better known as Spacety, has begun preparations for an initial public offering (IPO), joining a growing list of Chinese space startups aiming to go public.
The company, which is being advised by Guotai Haitong Securities, disclosed its IPO plans in a filing with the China Securities Regulatory Commission on Tuesday.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- Spacety, a Chinese small SAR satellite firm, is planning an IPO with Guotai Haitong Securities as advisor.
- Founded in 2015, Spacety has completed 21 missions, deployed 38 satellites, and built a facility producing up to 50 CubeSats and 10 larger satellites annually.
- The move reflects a broader trend of Chinese space startups pursuing IPOs amid supportive government policies and increasing industry activity.
AI generated, for reference only
Who’s Who
- Tianyi Space Technology Research Institute Co. Ltd.
- Tianyi Space Technology Research Institute Co. Ltd., also known as Spacety, is a Chinese space startup founded in 2015. It specializes in developing, producing, and operating small-scale synthetic aperture radar (SAR) remote sensing satellites. Spacety is preparing for an IPO and has completed 21 space missions, deploying 38 satellites.
- Guotai Haitong Securities
- Guotai Haitong Securities is advising Spacety, a Chinese space startup, on its initial public offering (IPO) preparations. Spacety's IPO plans were disclosed in a filing with the China Securities Regulatory Commission. This move is part of a broader trend of Chinese space companies seeking public listings to fund research and growth.
- LandSpace Technology Co. Ltd.
- LandSpace Technology Co. Ltd. is a commercial rocket manufacturer in China. Its IPO application was accepted by the Shanghai Stock Exchange on January 22nd, aiming to raise 7.5 billion yuan ($1.1 billion). They are among several Chinese space startups seeking to go public, reflecting a trend of growth and government encouragement in the commercial space sector.
- CAS Space
- According to the article, CAS Space is a Chinese rocket manufacturer that has entered the IPO pipeline. This indicates their intention to go public to raise funds, aligning with a broader trend in China's commercial space sector where companies are seeking capital for research and growth.
- Space Pioneer
- Space Pioneer (星河动力) is a Chinese rocket manufacturer. The company is actively pursuing an IPO, joining other commercial space companies in China looking to raise funds for research and growth within the burgeoning space sector.
- Galactic Energy
- Galactic Energy is a Chinese commercial rocket manufacturer that is currently in the IPO pipeline. The company is actively seeking to go public, following a trend among Chinese commercial space companies to raise funds for research and growth.
- MinoSpace Technology
- MinoSpace Technology is a Chinese satellite company. They are one of several commercial space sector companies that have entered the IPO pipeline, suggesting they are planning to go public to raise funds for research and growth within China's booming commercial space industry.
- Yee Space
- Yee Space (和德宇航) is a satellite company that has entered the IPO pipeline. Other companies, including rocket makers CAS Space, Space Pioneer, and Galactic Energy, have also entered the IPO pipeline, as have satellite firms MinoSpace Technology. The company was mentioned in the context of a surge of capital market activity in the commercial space sector.
AI generated, for reference only
What Happened When
- 2015：
- Spacety was founded and initially focused on developing scientific research satellites for universities.
- 2016：
- Spacety launched China's first satellite developed by a private company, 'Xiaoxiang-1'.
- 2020：
- Spacety launched 'Hisea-1', China's first commercial SAR satellite.
- October 2023：
- Spacety founder and CEO Yang Feng announced the completion of a 6,000-square-meter satellite R&D facility.
- January 22, 2026：
- The Shanghai Stock Exchange accepted the IPO application of LandSpace Technology Co. Ltd.
- February 3, 2026：
- Spacety disclosed its IPO plans in a filing with the China Securities Regulatory Commission.
AI generated, for reference only
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新