Chinese Satellite Maker Expands Vertically Integrated Model
Chinese satellite manufacturer Spacety has secured $190 million in funding to scale its vertically integrated satellite manufacturing and data services model. The company aims to accelerate satellite manufacturing, commercialize data services, and strengthen its value chain. Spacety’s plans also include an IPO, initiated in January, despite being sanctioned by the US Treasury Department in 2023. This development comes amid growing investment in China’s commercial space sector, as reported by SpaceNews.