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CAS Space Technology Aims to Raise $607 Million for Rockets

4/1/2026

Summary

Story summary

CAS Space Technology plans to raise about 4.18 billion yuan ($607 million) through an IPO on the Shanghai STAR Market.
The funds will primarily develop reusable rockets, reflecting government support for private space firms.
CAS Space is a spin-off of the Chinese Academy of Sciences and has reported about 2.5 billion yuan in losses.
Kinetica-2 completed its maiden flight and launched multiple satellites, reflecting progress in China's satellite infrastructure.

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Story summary

CAS Space Technology plans to raise about 4.18 billion yuan ($607 million) through an IPO on the Shanghai STAR Market.
The funds will primarily develop reusable rockets, reflecting government support for private space firms.
CAS Space is a spin-off of the Chinese Academy of Sciences and has reported about 2.5 billion yuan in losses.
Kinetica-2 completed its maiden flight and launched multiple satellites, reflecting progress in China's satellite infrastructure.