China’s LandSpace Moves Toward $1 Billion IPO to Accelerate Reusable Rocket Program

Beijing, Dec 31 (GeokHub) Chinese commercial rocket company LandSpace is seeking to raise about 7.5 billion yuan ($1.07 billion) through a planned stock market listing, as it ramps up investment in reusable rocket manufacturing and launch technology.

According to filings released by the Shanghai Stock Exchange, the exchange has accepted LandSpace’s application to list on its technology-focused STAR Market, clearing a key step toward a potential initial public offering.

Push to Compete in Reusable Launch Technology

LandSpace, one of China’s most prominent private space launch firms, made national headlines earlier this month after carrying out the country’s first reusable rocket test conducted by a commercial entity. The milestone marked a significant step in Beijing’s broader push to narrow the technological gap with the United States in next-generation space launch systems.

Reusable rockets, pioneered at scale by Elon Musk’s SpaceX, are seen as critical to reducing launch costs and increasing mission frequency — a strategic priority for China’s growing commercial space sector.

Regulatory Support for Space Startups

The planned listing comes shortly after Chinese regulators moved to loosen IPO requirements for companies developing reusable rocket technology. The policy shift reflects government efforts to accelerate innovation in advanced aerospace capabilities and support privately owned space firms.

If successful, the fundraising would rank among the largest IPOs by a Chinese space startup and could significantly expand LandSpace’s production capacity and research efforts.