A rocket company is getting ready to hit the Shanghai Stock Exchange.

What’s happening:

  • Chinese rocket company LandSpace has filed for an IPO to become a publicly traded company on the Shanghai Stock Exchange

Why it matters:‍

  • LandSpace is one of the most advanced rocket companies founded in China and is widely considered to be one of the fastest growing launch providers in Asia

Going deeper:‍

  • LandSpace’s primary business model is launching satellites and payloads into orbit leveraging their flagship Zhuque rockets which use methane fuel and are purpose built to be fully reusable
  • LandSpace has publicly stated in their IPO filings that they will seek to raise roughly $1B USD

The intrigue:‍

  • LandSpace is the first company ever to use a fully methane fuelled rocket to reach orbit globally