A Shanghai-based satellite startup has successfully raised RMB6.7 billion (US$932 million) from primarily state-affiliated investors, as part of an ambitious plan to fulfill a Shanghai initiative aimed at establishing a comprehensive constellation of over 12,000 satellites to facilitate satellite internet. A Massive Funding Round for A Promising Shanghai Satellite Startup Shanghai Yuanxin Satellite Technology Co., […]

Satellite Startup Yuanxin Raises $932 Million to Support Shanghai’s G60 Starlink Constellation comes from China Money Network: Primary Data for China’s Primary Markets! All Rights Reserved.