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HSG joins $297m round for Space Star Technology

Space Star Technology, a China-based aerospace company providing telemetry, tracking, and command (TT&C) and in-orbit services, has completed its series D, D+, and D++ financing rounds, raising nearly 2 billion yuan (US$297 million) in total, according to Wanchuang Investment Bank.

Investors included HSG, Qianhai Ark, China Unicom Zhanxin, Zijin Mining, China Insurance Investment, SAIC Motor, Wuliangye, Ninestar, Puhua Capital, Xiaomiao Langcheng, Saina Capital, Hua’an Jiaye, and Jinyan Capital.

The company said it had built a global satellite ground-station network and calibration-site system with more than 60 ground stations, and had served 684 satellites and rockets in total.

A 2016 partner release described Space Star Technology as a subsidiary of the China Academy of Space Technology and identified Wang Haitao as its CEO at the time.

🔗 Source: Yicai

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