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- Guoxing Aerospace
Guoxing Aerospace Valuation, Funding & Investors
Guoxing Aerospace is valued at $143M as of July 2020.
Last Guoxing Aerospace valuation
$143M
Series A · Jul 2020
Last Guoxing Aerospace funding round
$69M
Series C · Aug 2023
Cumulative funding Guoxing Aerospace raised
$162M
across 5 funding rounds
Key investors in Guoxing Aerospace
Shenzhen Capital Group
Hongtai Capital Holdings
Galaxy Holding Group
Oriental Fortune Capital
Chengdu High-tech Ceyuan Capital
China Vanke
About Guoxing Aerospace
Guoxing Aerospace is a Beijing-based commercial space company developing synthetic aperture radar satellites and providing remote sensing data services. It operates the Tianzhi satellite constellation for high-resolution imaging used in agriculture monitoring, disaster response, urban planning, and environmental assessment. Guoxing Aerospace partners with satellite launch providers and data analytics firms to serve global clients since 2017.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$143M (Jul 2020)
Guoxing Aerospace Valuation
Guoxing Aerospace is currently valued at $143M, based on its Series A in July 2020.
The $21M round was led by Galaxy Holding Group and Hongtai Capital Holdings, with participation from Xinjiang Communications, Shenzhen Capital Group and New World Strategic Investment.
Guoxing Aerospace's valuation has grown 2.0x from $72M at its Series A in June 2019 to $143M in July 2020, across 2 priced rounds.
Guoxing Aerospace valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2020 | Series A | $143M |
| Jun 2019 | Series A | $72M |
Guoxing Aerospace Funding History
Guoxing Aerospace has raised a total of $162M across 5 funding rounds.
Guoxing Aerospace's first fundraising round was a $2M angel round in September 2018. The most recent completed round was a $69M Series C in August 2023.
Guoxing Aerospace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2023 | Series C | Hongtai Capital Holdings (lead); Wuhu Industrial Investment; Taishan Urban Construction Group; Qingdao Haifa Group; Chengdu High-tech Ceyuan Capital; Jiaxing Jiaxiu Development Investment Holding | $69M | - | Guoxing Aerospace is a Chinese private commercial aerospace company based in Chengdu, Sichuan, specializing in satellites and related services, space-based solutions using the Lingjing engine, satellite remote sensing data, payload and platform R&D, assembly, testing, launch coordination, on-orbit delivery, operation management, and other services like intelligent parking solutions. Revenue primarily derives from satellites, related services, and space-based solutions. In 2023, the company achieved revenue of RMB 508 million, up from RMB 177 million in 2022, with further growth to RMB 554 million in 2024; for the first half of 2025, revenue reached RMB 241 million, a 65.1% increase from RMB 146 million in the first half of 2024. The company has pursued multiple funding rounds, including a C round in 2023 of 500 million yuan (RMB). Investors listed in the IPO prospectus include entities linked to Hongtai such as Hongtai Industrialization (4.45%) and Hongtai Cool Entertainment (2.80%), Qingdao Honghe (Haifa-related, 2.23%), and others like Xinghe Holdings (10.01%), Shenzhen Chuang Tou Group (3.90%). Financially, Guoxing ranks second among Chinese private commercial aerospace firms by 2024 revenue per Frost & Sullivan. Gross profit rose to RMB 71.1 million in 2023 (14.0% margin) and RMB 210 million in 2024 (38.0% margin), but the company reported net losses of RMB 139 million in 2023 and RMB 177 million in 2024, with adjusted net losses of RMB 90.7 million in 2023. It has submitted a prospectus for a Hong Kong IPO, advised by Guotai Junan, with Frost & Sullivan as industry consultant. |
| Nov 2021 | Series B | Hengjian Holding (lead); Oriental Fortune Capital; Dongguan Financial Holdings; Qingchuang Bole Investment | $56M | - | - |
| Jul 2020 | Series A | Galaxy Holding Group (lead); Hongtai Capital Holdings (lead); Xinjiang Communications; Shenzhen Capital Group; New World Strategic Investment | $21M | $143M | - |
| Jun 2019 | Series A | China Vanke (lead); Chengdu Technology Transfer Group; Hexing Fund | $15M | $72M | Chengdu Guoxing Aerospace Technology, founded in May 2018 and also known as ADA Space, develops and launches artificial intelligence-powered commercial satellites for applications in transportation and smart cities. The company had launched six satellites by mid-2019, including two focused on identifying and mapping weather conditions such as cloud patterns and fog. In January 2019, Guoxing Aerospace closed a series A funding round of approximately RMB100 million ($14.5 million), led by property developer Vanke with participation from Chengdu Technology Transfer Group and Hexing Fund. The round valued the company at approximately $72 million. Proceeds were allocated to advancing AI technology, satellite development, data services, and expanding market presence. This followed an angel round in September 2018 where the company secured tens of millions of renminbi from undisclosed investors. |
| Sep 2018 | Angel | Galaxy Holding Group; Shenzhen Capital Group; University of Electronic Science and Technology of China | $2M | - | - |
Who has invested in Guoxing Aerospace?
18 investors have backed Guoxing Aerospace across its funding rounds, including Shenzhen Capital Group, Hongtai Capital Holdings, Galaxy Holding Group, Oriental Fortune Capital, Chengdu High-tech Ceyuan Capital and China Vanke.
Lead investors include Hongtai Capital Holdings, Hengjian Holding, Galaxy Holding Group and China Vanke.
Guoxing Aerospace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2018 | ||
| 2 | Lead | Jul 2020 | ||
| 2 | Participant | Sep 2018 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | Aug 2023 | ||
| -- | 1 | Participant | Jun 2019 | |
This data is available for Pro users. Sign up to see all 18 Guoxing Aerospace 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 TrialGuoxing Aerospace Competitors
Guoxing Aerospace competitors include listed companies like KVH Industries and Nara Space Technology, and private ones like SatRevolution, Ruiqi Deep Space, EnduroSat and Privateer.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $150M | - | ||
| Private | - | - | $153M | - | ||
| Publicly listed | $111M | $614K | $130M | 0.6x | ||
| Publicly listed | $9M | - | $116M | 8.4x | ||
| Private | $16M | - | $115M | 7.2x | ||
| Private | - | - | $113M | - |
Guoxing Aerospace Public Comps
Guoxing Aerospace is still privately-owned, but its public comps include KT SkyLife, KVH Industries, Nara Space Technology, Nippon BS Broadcasting, GomSpace, Systems Engineering, Nelco, Comtech Telecom, APSTAR and Thorium Space.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $716M | $109M | 0.2x | 0.3x | 1.6x | 1.5x | |||
| $111M | $614K | 0.7x | 0.6x | 124.8x | 6.3x | |||
| $9M | - | 10.6x | 8.4x | - | - | |||
| $76M | $16M | 0.3x | 0.3x | 1.6x | - | |||
| $45M | $2M | 4.3x | 3.4x | 118.7x | 29.2x | |||
| $72M | $14M | 2.3x | 2.2x | 12.3x | - | |||
| $32M | $3M | 7.4x | - | 78.7x | - | |||
| $500M | ($76M) | 1.0x | 1.1x | (6.3x) | 13.2x | |||
This data is available for Pro users. Sign up to see all Guoxing Aerospace competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Guoxing Aerospace
| When was Guoxing Aerospace founded? | Guoxing Aerospace was founded in 2018. |
| Where is Guoxing Aerospace headquartered? | Guoxing Aerospace is headquartered in Chengdu, China. |
| Is Guoxing Aerospace publicly listed? | No, Guoxing Aerospace is a private, VC-backed company. |
| What is Guoxing Aerospace's valuation? | Guoxing Aerospace was last valued at $143M in its Series A in July 2020. |
| How much funding has Guoxing Aerospace raised? | Guoxing Aerospace has raised $162M across 5 funding rounds. |
| What was Guoxing Aerospace's last funding round? | Guoxing Aerospace's last funding round was a $69M Series C in August 2023, led by Hongtai Capital Holdings. |
| Who are Guoxing Aerospace's investors? | Guoxing Aerospace's investors include Galaxy Holding Group, Hongtai Capital Holdings, Shenzhen Capital Group, Xinjiang Communications, Oriental Fortune Capital, Wuhu Industrial Investment, Dongguan Financial Holdings, China Vanke, Chengdu Technology Transfer Group, Taishan Urban Construction Group and 8 others. |
| Which companies are comparable to Guoxing Aerospace? | Companies comparable to Guoxing Aerospace include SatRevolution, Ruiqi Deep Space, KVH Industries, Nara Space Technology, EnduroSat and Privateer. |
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