Series production of LEO communications satellites; spaceborne phased-array and millimetre-wave antennas; SAR satellites; whole-satellite exports
GalaxySpace (Beijing) Technology Group Co., Ltd. was founded by Xu Ming in 2018 and is headquartered in the Beijing Economic-Technological Development Area. It develops and mass-produces low-Earth-orbit communications satellites and SAR remote-sensing satellites, along with core components such as spaceborne phased arrays and millimetre-wave antennas. Its smart satellite factory in Nantong, Jiangsu, has a capacity of 100 to 150 medium-sized satellites per year. As of August 2026 the company had launched 49 self-developed satellites and has independently built several batches of satellites for China SatNet's GW constellation. On 25 August 2026 its Lingzhi-09 cubesat for Thailand rode a Long March 6C to orbit and was delivered to Thailand's GISTDA, the first whole-satellite export by a Chinese private satellite maker to a Southeast Asian country. On the capital side, the company closed a B++ round in September 2022 at a post-money valuation of RMB 11 billion; in February 2026 it closed a new round (adding Beijing Guorui, Yizhuang Industrial Investment and Bohua Capital) whose size was not disclosed; on 30 March 2026 it filed for A-share listing tutoring with Huatai United Securities as tutor; and in June 2026 its registered capital rose from RMB 51.82 million to RMB 360 million. Founder Xu Ming holds 22.04% directly and indirectly and controls 72.87% of voting rights.
A Long March 6C launched seven satellites from Taiyuan on 25 August, including GalaxySpace-built Zhongke-14 and -15 (SAR) and the Lingzhi-09 cubesat for Thailand. The cubesat was delivered to GISTDA for land, agriculture and ecological remote sensing and university teaching.
Corporate registry records show a sharp increase in registered capital; no new funding amount or new shareholders were disclosed. The company began IPO tutoring in March 2026. (Publish time taken from date.)
The CSRC disclosed the tutoring filing for GalaxySpace (Beijing) Technology Group Co., Ltd., with registered capital of RMB 44.38 million; Caixin reported that Beijing Guorui and Yizhuang Industrial Investment joined its latest round in February.
Dahe Cailifang reported a Series C round in February 2026; the exact date and amount were not disclosed. The company also completed its conversion to a joint-stock company and was renamed GalaxySpace (Beijing) Technology Group Co., Ltd. (Publish time taken from date.)
A Long March 12 launched LEO Group 19 from the Hainan commercial launch site at 15:48 Beijing time on 19 January. GalaxySpace has independently built two consecutive batches of these satellites, which carry its own phased-array and millimetre-wave antennas.
GalaxySpace's Lingzhi-09 cubesat for Thailand reached orbit on a Long March 6C on 25 August and was delivered to GISTDA — the first whole-satellite export to Southeast Asia by a Chinese private company.
The two 360 kg SAR satellites launched on 25 August aboard a Long March 6C were built by GalaxySpace for Zhongke Satellite and can receive, compute and interpret data on board.