- Companies
- Chang Guang Satellite Technology (CGSTL)
Chang Guang Satellite Technology (CGSTL) Funding, Investors & Competitors
Chang Guang Satellite Technology (CGSTL) has raised $773M across 3 funding rounds, most recently a $736M undisclosed-stage round in July 2026.
Last Chang Guang Satellite Technology (CGSTL) funding round
$736M
Undisclosed stage · Jul 2026
Cumulative funding Chang Guang Satellite Technology (CGSTL) raised
$773M
across 3 funding rounds
Key investors in Chang Guang Satellite Technology (CGSTL)
Shenzhen Capital Group
Landstone Capital
SASAC
China Chengtong Fund
Orient Assets Management
Haitong Innovation Securities Investment
Changfa Group
About Chang Guang Satellite Technology (CGSTL)
Chang Guang Satellite Technology is a Changchun-based commercial space firm that designs, manufactures, and operates remote sensing satellites. Established in 2014 with registered capital of 1.183 billion yuan, it has launched over 200 Jilin-1 satellites as of 2023, forming one of the world's largest commercial constellations for Earth observation. Backed by shareholders including the Changchun Institute of Optics and Jilin provincial government, the company provides high-resolution imagery, video, and data services to government agencies, agriculture, forestry, and urban planning sectors across China and internationally.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Chang Guang Satellite Technology (CGSTL) Funding History
Chang Guang Satellite Technology (CGSTL) has raised a total of $773M across 3 funding rounds.
Chang Guang Satellite Technology (CGSTL)'s first fundraising round was a $37M angel round in January 2019. The most recent completed round was a $736M undisclosed-stage round in July 2026.
Chang Guang Satellite Technology (CGSTL) funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Undisclosed stage | Changfa Group (lead); Landstone Capital (lead); Orient Assets Management; China Chengtong Fund; Shenzhen Capital Group; Haitong Innovation Securities Investment | $736M | - |
| Apr 2026 | Undisclosed stage | SASAC (lead) | - | - |
| Jan 2019 | Angel | - | $37M | Chang Guang Satellite Technology Co., Ltd. (CGSTL), founded on December 1, 2014, is China's first commercial remote sensing satellite supplier, focusing on satellite development, operation, and remote sensing information processing. It operates the Jilin-1 constellation for applications in disaster response, environmental protection, agriculture, resource management, and military support, with ambitions to scale production to 100-200 satellites annually. The company, backed by Jilin Provincial Government, Changchun Institute of Optics, Fine Mechanics and Physics, social capital, and technical teams, completed a RMB250 million (US$36.85 million) angel funding round in January 2019 to fuel its commercial space efforts. As of recent reports, CGSTL claims 1.97 billion RMB (approximately $274 million) in total registered capital, reflecting growth from 437 employees in 2019 to over 800 by early 2024, amid preparations for an IPO as of August 2023. The firm has advanced technologies like satellite-to-ground laser high-speed image transmission at 10Gbps, with plans to expand to 40-100Gbps, enhancing Jilin-1 data acquisition efficiency. It explores space-based laser communications and intelligent remote sensing. CGSTL faces international scrutiny, including US sanctions in 2025 for allegedly supporting Houthi attacks via satellite imagery, and listings on various sanction regimes. Despite this, it represents China's advancing private space sector, narrowing technological gaps with the US in satellite manufacturing and remote sensing capabilities. |
Who has invested in Chang Guang Satellite Technology (CGSTL)?
7 investors have backed Chang Guang Satellite Technology (CGSTL) across its funding rounds, including Shenzhen Capital Group, Landstone Capital, SASAC, China Chengtong Fund, Orient Assets Management and Haitong Innovation Securities Investment.
Lead investors include Changfa Group, Landstone Capital and SASAC.
Chang Guang Satellite Technology (CGSTL) Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2026 | ||
| 1 | Lead | Apr 2026 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Lead | Jul 2026 | ||
| -- | 1 | Participant | Jul 2026 | |
This data is available for Pro users. Sign up to see all 7 Chang Guang Satellite Technology (CGSTL) investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialChang Guang Satellite Technology (CGSTL) Competitors
Chang Guang Satellite Technology (CGSTL) competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Yuanxin Satellite.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x | ||
| Publicly listed | $71M | ($419M) | $19B | 148.3x | ||
| Publicly listed | $394M | $263M | $15B | - | ||
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $7.4B | - |
Chang Guang Satellite Technology (CGSTL) Public Comps
Chang Guang Satellite Technology (CGSTL) is still privately-owned, but its public comps include SpaceX, EchoStar, AST SpaceMobile, China Satellite, Globalstar, China Spacesat, Viasat, Planet Labs, Loar Group and Iridium.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $15B | ($16B) | 3.0x | 3.1x | (2.8x) | 21.5x | |||
| $71M | ($419M) | 282.1x | 148.3x | (47.7x) | (72.4x) | |||
| $394M | $263M | 36.7x | - | 55.0x | - | |||
| $273M | $126M | 39.2x | 37.9x | 85.2x | 77.4x | |||
| $910M | $56M | 11.3x | 10.0x | 183.0x | 134.8x | |||
| $4.6B | $1.6B | 3.3x | 3.2x | 9.5x | 9.9x | |||
| $308M | ($211M) | 18.9x | 14.9x | (27.5x) | 508.1x | |||
This data is available for Pro users. Sign up to see all Chang Guang Satellite Technology (CGSTL) competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chang Guang Satellite Technology (CGSTL)
| When was Chang Guang Satellite Technology (CGSTL) founded? | Chang Guang Satellite Technology (CGSTL) was founded in 2014. |
| Where is Chang Guang Satellite Technology (CGSTL) headquartered? | Chang Guang Satellite Technology (CGSTL) is headquartered in Changchun, China. |
| Is Chang Guang Satellite Technology (CGSTL) publicly listed? | No, Chang Guang Satellite Technology (CGSTL) is a private, VC-backed company. |
| How much funding has Chang Guang Satellite Technology (CGSTL) raised? | Chang Guang Satellite Technology (CGSTL) has raised $773M across 3 funding rounds. |
| What was Chang Guang Satellite Technology (CGSTL)'s last funding round? | Chang Guang Satellite Technology (CGSTL)'s last funding round was a $736M undisclosed-stage round in July 2026, led by Changfa Group and Landstone Capital. |
| Who are Chang Guang Satellite Technology (CGSTL)'s investors? | Chang Guang Satellite Technology (CGSTL)'s investors include Orient Assets Management, SASAC, Landstone Capital, Changfa Group, China Chengtong Fund, Shenzhen Capital Group and Haitong Innovation Securities Investment. |
| Which companies are comparable to Chang Guang Satellite Technology (CGSTL)? | Companies comparable to Chang Guang Satellite Technology (CGSTL) include SpaceX, EchoStar, AST SpaceMobile, China Satellite, ICEYE and Yuanxin Satellite. |
See companies similar to Chang Guang Satellite Technology (CGSTL)
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