What Happened
Chinese Space Startup Expands On-Orbit Services
Guoyu Xingchen, a Chinese space startup, has secured nearly $100 million in Series A financing to expand its on-orbit services. The company aims to build a space robot cluster to provide in-orbit maintenance, refueling, and debris clearance. With the global in-orbit service market expected to grow to $6.87 billion by 2034, Guoyu Xingchen is well-positioned to capitalize on this trend. The company’s progress was first reported by 36Kr.