Chinese launch startups. CAS Space and Landspace advance plans for IPOs
HELSINKI – Two of China's most prominent private space companies, CAS Space and Landspace, are taking significant steps towards becoming publicly listed, signalling a new phase in the country's burgeoning commercial space sector. Both firms have initiated the formal processes required for an Initial Public Offering (IPO) on the Shanghai Stock Exchange's STAR Market, a board dedicated to technology and innovation-driven enterprises.
CAS Space, a spin-off from the Chinese Academy of Sciences (CAS), has already completed its IPO counselling with regulators. This marks the first official hurdle cleared on its path to a public listing. The move highlights the company's progress and the growing maturity of its operations. Known for its Kinetica series of rockets, CAS Space is also actively developing a suborbital vehicle for space tourism, with a target of beginning commercial services. The company's...