Tag: Shanghai Spacecom
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Shanghai Spacecom Secures $1.94 Billion Funding Round, Reaching $6.96 Billion Valuation as China Accelerates Starlink Rival
Chinese satellite internet operator Shanghai Spacecom Satellite Technology (SSST), also known as SpaceSail, has completed a 7 billion yuan ($1.94 billion) Series B financing round, valuing the company at approximately 50.1 billion yuan ($6.96 billion). The funding marks one of the largest capital raises in China’s commercial satellite sector and underscores the country’s determination to…