Galaxy Aerospace initiates A-share IPO guidance Commercial aerospace unicorn sprinting towards the capital market.

According to the official website of the China Securities Regulatory Commission, on March 30th, Galaxy Aerospace (Beijing) Technology Group Co., Ltd officially launched its IPO counseling, with Huatai United Securities acting as the counseling agency. As the first unicorn enterprise in the commercial aerospace field in China, the initiation of this IPO counseling marks the entry of this satellite Internet company NETDRAGON, with a valuation of over 10 billion yuan, into the critical race track of the capital market. The counseling filing information shows that Xu Ming directly and indirectly holds 22.04% of the company's shares, combined with special voting rights arrangements, controlling a total of 72.87% of the company's voting rights, making him the actual controlling shareholder of the company. The company has previously completed multiple rounds of financing, and according to tianyancha data, the company is valued at 11 billion yuan, with investors including CICC International, Junlian Capital, and Chaos Investment. Public information shows that Galaxy Aerospace is a leading provider of satellite Internet solutions and satellite manufacturers in China, and the first unicorn company in the commercial aerospace field in China. The company is committed to the independent research and low-cost mass production of communication payloads, core units, and satellite platforms, and has established internationally leading capabilities in the development of communication payloads, core units, and solar wings in Xi'an, Chengdu, and Beijing respectively. In addition, it is constructing a new generation satellite intelligent manufacturing factory in Nantong, with the capability to mass-produce hundreds of satellites. According to the company's disclosure, on January 19th, China successfully launched 19 sets of satellite Internet satellites into low earth orbit using the Long March 12 carrier rocket at the Hainan Commercial Space Launch Center. The satellites entered the designated orbit successfully, marking the successful completion of the launch mission. This group of satellites is the second group of satellites independently undertaken by Galaxy Aerospace for the construction and development of such space infrastructure.