Nantong Development Zone Intelligent Manufacturing Industry Investment Fund
南通开发区智能制造产业投资基金
Nantong Development Zone Intelligent Manufacturing Industry Investment FundFund
南通开发区智能制造产业投资基金
渲染中…
Mentioned in 3 articles
Coverage
Rongbao · November | Yatsen Holding and Ucommune successfully list on US equities, Nuro closes Series C funding
Working together to create a better life.
高榕创投·GalaxySpace Completes New Funding Round to Accelerate China's Satellite Internet Development GalaxySpace has completed a new round of financing, accelerating the push to advance China's satellite internet construction. The company, a leading domestic player in the satellite internet sector, will use the fresh capital to ramp up its satellite production capabilities and expand its constellation deployment. The move comes as China races to build out its low-Earth orbit satellite infrastructure, positioning satellite internet as a critical piece of next-generation communications networks. The funding round underscores continued investor confidence in the commercial space sector despite a broader cooling in venture capital markets. GalaxySpace has now secured multiple rounds of financing since its founding, with backing from prominent institutional investors. China has identified satellite internet as a strategic priority, with state and private efforts converging to challenge the global dominance of SpaceX's Starlink. GalaxySpace is among a handful of domestic companies aiming to establish large-scale satellite constellations for broadband coverage.
Continue investing in satellite internet R&D and rapidly build low-cost, mass-production capabilities for next-generation internet satellites.
高榕创投·5Y News | GalaxySpace Closes New Funding Round, Becoming China's First Satellite Internet Unicorn
GalaxySpace, a leading satellite internet company, has closed its latest funding round at a post-money valuation of nearly RMB 8 billion.
五源资本·
