ADA Space (Chengdu ADA Space Technology Co., Ltd.) passed the Hong Kong Stock Exchange's listing hearing on October 29, with Guotai Haitong as sole sponsor. Upon listing, it will become Hong Kong's first "space AI" stock. This is the company's third attempt at a Hong Kong IPO, following filings in January 2025, August 2025, and May 2026. As of April 2026, the company had raised a total of RMB 3.55 billion across multiple funding rounds, at a post-money valuation of approximately RMB 11.6 billion. It has launched 27 satellites to date, 18 of which are self-developed AI computing satellites, and holds orders for 37 AI satellites with a total contract value of RMB 1.231 billion. Revenue was RMB 508 million in 2023, RMB 554 million in 2024, and RMB 703 million in 2025. Additive manufacturing is a key part of the company's satellite production: its AI additive manufacturing base in Chongzhou, Sichuan, has an annual design capacity of about 200 sets of satellite structural components. In December 2025, it established China's first space computing joint laboratory with Shanghai Jiao Tong University, covering areas including in-orbit additive manufacturing. A failed launch mission in January 2026 included a 3D-printed experimental satellite. The company operates multiple satellite design, testing, and additive manufacturing bases in Sichuan, Zhejiang, and other locations, and the metal additive manufacturing of satellite structural components creates sustained demand for aerospace-grade metal powders such as titanium alloys and aluminum alloys.