China-based rocket startup LandSpace plans to raise about 7.5 billion yuan, or roughly 1.07 billion dollars, through a public listing.
The company filed for an initial public offering on Shanghai’s STAR Market. This exchange focuses on technology-driven firms. The Shanghai Stock Exchange has already accepted the application.
If approved, the funds will support higher production capacity and new technology development.
Focus on Reusable Rocket Technology
LandSpace aims to strengthen its position in reusable rockets. Earlier this month, the company carried out China’s first reusable rocket test by a private firm.
This test marked a key step forward. It also placed LandSpace in direct competition with SpaceX, the US company led by Elon Musk.
By improving rocket reuse, LandSpace hopes to lower launch costs and increase launch frequency.
Policy Support From Chinese Regulators
At the same time, regulators are making changes. Last week, the Shanghai exchange relaxed listing rules for companies working on reusable rockets.
This move supports Beijing’s broader plan to narrow the space technology gap with the United States. As a result, private space firms now face fewer barriers to raising public funds.
A Strategic Push Into Space
Overall, LandSpace’s IPO plan shows China’s growing focus on commercial spaceflight. With government backing and new funding, the company aims to speed up innovation.
If successful, the listing could mark a turning point for China’s private space industry.
