GalaxySpace

GalaxySpace is a Chinese satellite internet company that became the sector's first unicorn in November 2020, when a funding round led by Nantong Development Zone Intelligent Manufacturing Industry Investment Fund valued it at nearly RMB 8 billion . CCB International later led another round in September 2022, with participation from Anhui's "Triple-First-Creation" Fund, Hefei Industry Investment, and returning backers including Junlian Capital and Chaos Investment . The company has pursued international expansion, partnering with Thailand's True Corporation in February 2025 on low-orbit satellite communications and direct-to-cell technology , and has established a global remote-sensing satellite industrial base in Hefei while achieving batch production of low-orbit broadband communications satellites .