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, officially Beijing Galaxy Power Aerospace Technology Co., Ltd., launched its listing guidance on Oct. 22, as reported by Chinese language tech outlet 36Kr, 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, with nearly half of this secured in September via a $336 million Series D funding round.
Galactic Energy also released news in October.
Author's summary: Chinese space firms move toward IPOs.
More News
- NCAAF News: Top 25 roundup: NC State hands No. 8 Georgia Tech first loss of season
- Deepti Sharma stars with bat and ball to help India to World Cup glory
- Southampton sack Will Still after dismal start to Championship campaign
- Jay Glazer says Eagles won't trade A.J. Brown, are interested in Jaelan Phillips | NorthPennNow
- University of Alabama Investigating Alleged Incident Involving Dre Kirkpatrick Jr.
- The Best Fashion From LACMA's 14th Art + Film Gala