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Guoxing Yuhang Files for Third HK IPO, Eyes On-Orbit Additive Manufacturing
2026-05-14
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Impact score: 39
Chengdu Guoxing Yuhang Technology Co., Ltd. has refiled for a Hong Kong IPO, aiming to become the first publicly traded “Space AI” company. The firm focuses on satellite development, constellation operations, and space-based AI solutions. As of April 2026, it had completed multiple funding rounds, raising a total of RMB 3.55 billion with a post-investment valuation of approximately RMB 11.6 billion. According to its prospectus, the company holds orders for 37 AI satellites yet to be delivered, with a combined contract value of RMB 1.231 billion. Notably, its R&D scope includes cutting-edge areas such as on-orbit additive manufacturing. In December 2025, it signed an agreement with Shanghai Jiao Tong University to establish China’s first joint space computing laboratory for developing on-orbit additive manufacturing technologies. Proceeds from the IPO will fund technology development, business expansion, and working capital. A successful listing would provide capital support for its space-based intelligent computing constellation and frontier R&D efforts.
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国星宇航第三次冲刺港股IPO，布局在轨增材制造
成都国星宇航科技股份有限公司再次向港交所提交上市申请，拟冲刺“太空AI第一股”。该公司专注于卫星研制、星座运营及星基AI解决方案。截至2026年4月，公司已完成多轮融资，募集资金总额35.5亿元，投后估值约116亿元。招股书显示，公司拥有37颗待交付AI卫星的客户订单，合约总值12.31亿元。值得注意的是，其研发方向包括在轨增材制造等前沿领域，并于2025年12月与上海交通大学签约共建国内首个太空计算联合实验室，共同研发在轨增材制造等技术。此次IPO募资将用于技术研发、业务拓展及营运资金，若成功上市将为其太空智算星座及前沿技术研发提供资本助力。