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Shanghai Spacecom Satellite Technology (SpaceSail), founded in March 2018 by Shanghai Alliance Investment, is a state-owned satellite operator leading China's Qianfan broadband constellation. In August 2026 it raised nearly 7 billion yuan in a capital increase that values it at about 50 billion yuan.
Shanghai Spacecom Satellite Technology (SpaceSail), founded in March 2018 by Shanghai Alliance Investment, is a state-owned satellite operator leading China's Qianfan broadband constellation. In August 2026 it raised nearly 7 billion yuan in a capital increase that values it at about 50 billion yuan.
Not ranked: Data in 0 pillars; at least 2 are needed to rank.
0 of 3 inputs measured · Insufficient data · 0% of applicable weight backed by data
Not measured: Headcount, Reported revenue
Not measured: Open-role change (90 days)
A pillar score averages the company’s percentiles among the tracked companies with a value: relative standing, not a grade. Inputs measured 2026-10-16 (UTC) · methodology v6. Every input, its value and percentile · How it is computed
The Space Score ranks companies relative to each other on public data we hold. It describes; it does not rate, forecast or recommend. It is not a credit rating and not investment advice. Full disclaimer
For information only, not investment advice. SpaceNexus is not a registered investment adviser, broker or dealer, and nothing here is a recommendation to buy, sell or hold any security. Data may be delayed, estimated or incomplete; check the source before acting. Full disclaimer
No private round on record. Debt, grants, state capital, owner funding and acquisitions are listed under Funding history by class and not added in.
Checking for a discussion…
Compiled Oct 16, 2026 from 2 public records. Every figure links the record it comes from.
Latest sourced round
Capital increase: CN¥6.98B (about $1.04B)
Lead recorded as China Structural Reform Fund II synergy fund (国调二期协同发展基金股份有限公司), leading a 24-member consortium. Dollar figure converted at 0.148381 CNY/USD (ECB euro foreign exchange reference rates) on Aug 17, 2026
Source: STCN (China Fund News)
Announced Aug 17, 2026
Sourced rounds on record
2 rounds, $1.97B disclosed
Every round has a disclosed amount
Published rounds with a source link only, on the same rules as the funding tracker. Each round links the source that states its figure; amounts in other currencies are converted to dollars at the rate shown on the funding tracker.
China Structural Reform Fund II synergy fund (国调二期协同发展基金股份有限公司), leading a 24-member consortium
Recorded as lead of Capital increase (Aug 17, 2026)
STCN (China Fund News), Aug 17, 2026
国调二期协同发展基金股份有限公司 (China Structural Reform Fund II synergy fund) consortium
Took part in Capital increase (Aug 17, 2026)
STCN (China Fund News), Aug 17, 2026
CAS Capital
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
APA
SpaceNexus. (2026, October 16). SpaceSail (Yuanxin Satellite): Company dossier [Data set]. Retrieved October 16, 2026, from https://spacenexus.us/company-profiles/spacesail
Chicago
SpaceNexus. "SpaceSail (Yuanxin Satellite): Company dossier." Data as of October 16, 2026. Accessed October 16, 2026. https://spacenexus.us/company-profiles/spacesail.
BibTeX
@misc{spacenexus_spacesailyuanxinsatellite_2026,
author = {{SpaceNexus}},
title = {{SpaceSail (Yuanxin Satellite)}: Company dossier},
year = {2026},
month = oct,
howpublished = {\url{https://spacenexus.us/company-profiles/spacesail}},
url = {https://spacenexus.us/company-profiles/spacesail},
urldate = {2026-10-16},
note = {Data as of 2026-10-16; each fact links its primary source}
}CASSTAR
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
Fund set up by the National Manufacturing Transformation and Upgrading Fund
Recorded as lead of Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
Guosheng Capital
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
Hengxu Capital
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
National Manufacturing Transformation and Upgrading Fund
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024
Shanghai Alliance Investment
Took part in Series A (Feb 1, 2024)
SpaceNews, Feb 1, 2024