Chinese Private Space Sector Grows with Patient Capital and Government Support

Chinese private space companies are attracting patient capital investments for long-term research and development, buoyed by government support since 2014.

In 2023, the sector saw about 170 financing deals totaling over 18.5 billion yuan. Yunyao Aerospace Technology, with funding from Essential Capital, is advancing its satellite constellation plans.

Essential Capital's involvement also facilitated partnerships with rocket manufacturers like Galactic Energy, enhancing rocket capabilities to support larger payloads. This underscores the growing collaboration and support for China's private space ventures amidst favorable government policies.