Chinese Launch Firms Move Toward IPOs
Launch firms Space Pioneer and Galactic Energy are the latest China’s commercial space companies to move toward IPOs, amid a surge of investment.
Galactic Energy, also known as Beijing Galaxy Power Aerospace Technology Co., Ltd., has officially launched its listing guidance, marking the first steps towards an initial public offering (IPO).
- The company has raised more than 5 billion yuan ($700 million) since its founding in 2018.
- Nearly half of this amount was secured in September via a $336 million Series D funding round.
Galactic Energy's move comes on the back of serious funding.
Author's summary: Chinese launch firms move toward IPOs amid investment surge.
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