Space Economy Intel
Ground SystemsChinaUnlisted

Xingyi Space星邑空间

Commercial spacecraft TT&C services; ground-station network build and operation; orbit-control and space-operations software

Shaanxi Xingyi Space Technology Co., Ltd. was incorporated on 2 May 2018, registered at 8 Datang Wu Road, New District, Tongchuan, Shaanxi, with Hou She as legal representative and Wang Zheng as general manager; it runs an R&D centre in Xi'an and a Beijing branch. The company provides spacecraft telemetry, tracking and control (TT&C) services, space-operations and orbit-control software, and integrated TT&C network solutions, operating its own commercial ground-station network and the Xingyi Cloud TT&C platform. Its network is anchored by a 216-mu command and control centre in Tongchuan, with domestic stations at Kashgar in Xinjiang, Hegang in Heilongjiang and Lijiang in Yunnan forming a "big triangle plus central hub" layout, plus overseas sites in Southeast Asia and elsewhere. The company's own site states cumulative service to more than 580 satellites across over 150,000 passes, a headcount above 150, a pilot-production base of more than 4,000 square metres and over 180 intellectual property items; an August 2026 funding report gave cumulative service to 611 satellites and rockets, routine management of close to 400 satellites and a mission success rate of 99.8%. On missions, it was the sole TT&C contractor for the dual-satellite launch of China Siwei's Gaojing-2 05/06, covering the launch and early-orbit phase, long-term operations and establishment of the in-orbit formation, and it supported Pakistan's PRSC-EO2 and PRSC-EO3 missions. On funding, it closed a Pre-A round of nearly RMB 300 million in December 2025 led by Shenzhen Capital Group, and an August 2026 report said it had closed an A round of several hundred million yuan; the same report said the company had earlier brought in strategic investors, completed a state-capital exit and put its technical team in control, that 2025 revenue exceeded RMB 100 million, and that it targets break-even in 2026 and an IPO within three years. Valuation and net profit are not publicly disclosed.

Last 12 months

  1. 26 Aug 2026Funding
    Xingyi Space reported to have closed an A round of several hundred million yuan

    The company was reported to have closed an A round of several hundred million yuan from Suzhou Capital, Leaguer Qingtong, Septwolves Holding, Zhichen Investment, Lanxi Capital and Haisi Venture. The same report gave cumulative service to 611 satellites and rockets, close to 400 satellites under routine management, a 99.8% mission success rate and 2025 revenue above RMB 100 million, and said the company had earlier brought in strategic investors, completed a state-capital exit and put its technical team in control. The exact amount was not disclosed.

    Source: NetEase · originally published 26 Aug 2026, 15:28 Beijing time
  2. 27 May 2026Launch & on-orbit
    Xingyi Space completes tube-capture and formation fly-around control for Gaojing-2 05/06

    The company said it had completed three phases of orbit control for China Siwei's Gaojing-2 05/06, with the third phase run from 14 to 20 April and finished five days ahead of plan, achieving 200 km trailing separation, a 180-degree phase lock, 200 m tube capture and a 500 m elliptical fly-around at 99.9% control accuracy. (Publication time taken from the date.)

    Source: xingyispace.com · originally published 27 May 2026
  3. 25 Apr 2026Launch & on-orbit
    Xingyi Space supports launch and early-orbit TT&C for Pakistan's PRSC-EO3

    A Long March 6 launched Pakistan's PRSC-EO3 satellite from the Taiyuan Satellite Launch Center at 20:15 on 25 April 2026; the company assembled a TT&C team under prime contractor China Great Wall Industry Corporation for the launch and injection phase and took on the satellite's early-orbit TT&C work. It also stated cumulative service to more than 573 satellites across over 150,000 passes. (Publication time taken from the date.)

    Source: xingyispace.com · originally published 26 Apr 2026
  4. 26 Mar 2026Contracts
    Xingyi Space is sole TT&C contractor for the Gaojing-2 05/06 dual-satellite launch

    A Long March 2D launched China Siwei's Gaojing-2 05 and 06 satellites from the Taiyuan Satellite Launch Center at 06:51 on 26 March; Xingyi Space was the sole TT&C implementer, drawing on more than ten assets at home and abroad in the early phase and more than twenty later, across Tongchuan, Kashgar and Southeast Asia. It was the company's fifth fully outsourced Gaojing-series mission since Gaojing-3 01.

    Source: NBD · originally published 26 Mar 2026, 12:13 Beijing time
  5. 12 Feb 2026Launch & on-orbit
    Xingyi Space completes TT&C for Pakistan's PRSC-EO2 and Shutianyu 03-05

    A Jielong-3 rocket lifted off from waters near Yangjiang, Guangdong at 14:37 on 12 February 2026; several Xingyi Space stations provided TT&C for Pakistan's PRSC-EO2 satellite and the Shutianyu 03-05 satellites, with telemetry and data-downlink reception to follow in the long-term operations phase. The company stated cumulative service to more than 560 satellites across over 130,000 passes. (Publication time taken from the date.)

    Source: xingyispace.com · originally published 12 Feb 2026
  6. 25 Dec 2025Funding
    Xingyi Space closes a Pre-A round of nearly RMB 300 million led by Shenzhen Capital Group

    The company announced a Pre-A round of nearly RMB 300 million led by Shenzhen Capital Group, with Kaiyuan Sichuang, Sagacity Capital and Shenzhen Zhichen among follow-on investors; proceeds go to overseas TT&C stations and R&D, and the company plans to finish its overseas stations and fill in the domestic network within two to three years.

    Source: yicai.com · originally published 25 Dec 2025, 15:45 Beijing time