Another commercial aerospace company has arrived! CAS Space's Sci-Tech Innovation Board IPO has been accepted.

Beijing Business Daily News (reporters Ma Huanshuan and Li Jiaxue) Following Blue Arrow Aerospace, another commercial space company’s IPO has been accepted for review. On the evening of March 31, the official website of the Shanghai Stock Exchange showed that China Aerospace Technology Co., Ltd. (hereinafter referred to as “China Aerospace Technology”) has submitted its prospectus for a STAR Market IPO.

It is reported that China Aerospace Technology mainly engages in the R&D, production, and launch services of a series of large and medium-sized commercial launch vehicles, while also developing new space-economy business formats such as space manufacturing, space science experiments, and space tourism.

For this IPO filing, China Aerospace Technology has applied the second set of listing standards for the STAR Market, namely: “expected market value of not less than 1.5 billion yuan, operating revenue in the most recent year of not less than 200 million yuan, and the proportion of cumulative R&D investment over the most recent three years to cumulative operating revenue over the most recent three years of not less than 15%.”

In its push for a listing, China Aerospace Technology plans to raise approximately 4.18 billion yuan. After deducting issuance costs, the net proceeds are planned to be invested in reusable large launch vehicle R&D projects, reusable launch vehicle and spacecraft R&D projects, a reusable liquid engine industrial base, the repayment of bank loans, and replenishing working capital.