Overview
- The company filed IPO tutoring with the Beijing securities regulator on October 22, naming Huatai United Securities as its advisor.
- It completed a roughly 2.4 billion yuan D round late last month, with investors including Beijing, Nanjing, and Sichuan-backed industry funds, according to company disclosures.
- Management says the proceeds will speed development of the reusable liquid "Zhishenxing" series and the medium solid "Gushenxing‑2," along with production, testing, and launch capacity.
- Public reports cite a commercial track record of 85 satellites launched for 27 customers and 51.3% of domestic private‑rocket successful launches.
- The push to list follows the CSRC's revival and expansion of STAR Market's fifth standard for pre‑profit, R&D‑intensive tech firms, which analysts see as opening the door for commercial space IPOs.