Listing Information
- IPO Submission Date: January 27, 2025
Guoxing Aerospace submitted its prospectus to the Hong Kong Stock Exchange, aiming to become the first commercial space company listed on the exchange.
- Status Update: As of August 25, 2025, the company's listing status was updated to "under processing."
Financing History
- Total Funding Amount: Approximately ¥1.1 billion (around $155 million).
- Funding Rounds:
- Series A: ¥150 million raised in July 2020.
- Series B: ¥355 million raised in November 2021.
- Series C: ¥537.5 million raised in December 2024, with a subsequent valuation of ¥6.5375 billion.
Key Investors
Notable investors include Jiaxing Jiaxiu Development Investment Holding, Qingdao Haifa Group, and Hengjian Holding.
Key Events Impacting Listing Process and Stock Price
- Prospectus Submission: The initial submission of the prospectus on January 27, 2025, marked a significant step towards its IPO.
- Funding Rounds: Successful completion of multiple funding rounds has bolstered the company's financial position and investor confidence.
- Technological Milestones: The successful launch of AI satellites and the development of a space computing network have enhanced the company's reputation and market potential.
- Market Conditions: The overall performance of the commercial aerospace sector and investor sentiment towards technology stocks in China can significantly influence stock price performance.
Revenue Projections
- 2022: ¥177.4 million
- 2023: ¥507.5 million
- 2024: ¥553.5 million
Summary
Chengdu Guoxing Aerospace Technology Co., Ltd. has positioned itself as a leading commercial aerospace company in China with a strong focus on AI satellites and space computing networks. The company’s progressive funding rounds and technological achievements support its IPO ambitions on the Hong Kong Stock Exchange. However, the company’s stock price and listing progress are subject to influences from market conditions, investor sentiment, and ongoing challenges in profitability and competition within the sector.
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