On March 30th, Galaxy Aerospace (Beijing) Technology Group Co., Ltd.'s A-share IPO was filed with the Beijing Securities Regulatory Bureau for guidance, with Huatai United Securities as the guiding securities firm.
According to equity information, Xu Ming directly and indirectly holds 22.04% of the shares in Galaxy Aerospace. Taking into account the company's special voting arrangements and Xu Ming's direct and indirect shareholding situation, Xu Ming controls a total of 72.87% of the company's voting rights and is the actual controller of the company.
According to the official website, Galaxy Aerospace is China's leading provider of satellite Internet solutions and satellite manufacturer, and the first unicorn company in China's commercial aerospace field.
Galaxy Aerospace has established internationally leading research and development capabilities for communication payloads, core single aircraft, and solar wings in Xi'an, Chengdu, and Beijing, respectively. It has also built a new generation of satellite intelligent manufacturing factory in Nantong, achieving mass production capacity of 100 satellites.
Up to now, Galaxy Aerospace has launched more than 40 independently developed advanced satellites, successfully verified multiple key technologies, built China's first low orbit broadband communication test constellation "Little Spider Web", and reached the level of benchmarking "Starlink" in cutting-edge technology fields such as mobile phone direct connection. It has achieved 128 beam verification.
Recently, according to the business registration information, the name of Galaxy Aerospace Enterprise has been changed from "Galaxy Aerospace (Beijing) Network Technology Co., Ltd." to "Galaxy Aerospace (Beijing) Technology Group Co., Ltd. This change is widely regarded by the industry as a crucial step in its preparation for listing.
In February of this year, Galaxy Aerospace completed its Series C financing, with new investors including Jingguorui, Yizhuang Industrial Investment, and Bohua Capital.
From the investment perspective, based on equity penetration information, there are both venture capital firms and local state-owned platforms participating in the investment of Galaxy Aerospace; There is also a heavy influx of funds from the "national team": the National Social Security Fund Council indirectly participates in the investment of Galaxy Aerospace through market-oriented fund companies such as Shenzhen Hillhouse Muqi Equity Investment Fund Partnership Enterprise (Limited Partnership); Central Huijin Investment Co., Ltd. indirectly participates in the investment of Galaxy Aerospace through China Construction Bank Investment Co., Ltd.
In addition, Ge Guilian from Shanghai Chaos Investment holds a 2.3086% stake in Galaxy Aerospace, with the first holding date being March 6, 2026. Ge Guilian is a shareholder and director of Shanghai Chaos Investment controlled by well-known investor Ge Weidong, and is also a relative of Ge Weidong.
