HongQing Technology Funding, Investors & Competitors

HongQing Technology has raised $246M across 3 funding rounds, most recently a $191M Series B in July 2026.

Last HongQing Technology funding round

$191M

Series B · Jul 2026

Cumulative funding HongQing Technology raised

$246M

across 3 funding rounds

Key investors in HongQing Technology

  • CITIC Securities
  • Guangzhou Yuexiu Industrial Investment Fund
  • Beijing E-town International Investment & Development
  • SDIC Unity Capital
  • Kunlun Capital
  • Bank Of China
  • ICBC Capital
  • Bofu Fund Management

HongQing Technology Overview

About HongQing Technology

HongQing Technology is a Beijing-based satellite company building integrated rocket-and-satellite solutions for large-scale constellations. Founded in 2017 with rocket maker Landspace as its largest shareholder, it has filed its Honghu-3 constellation with the ITU for roughly 10,000 satellites across 160 orbital planes at an altitude of 1,160 kilometers. The company has raised more than 2.5 billion yuan in funding to date.


Founded

2017

HQ

ChinaChina

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

HongQing Technology Funding History

HongQing Technology has raised a total of $246M across 3 funding rounds.

HongQing Technology's first fundraising round was a $41M Series A in January 2025. The most recent completed round was a $191M Series B in July 2026.

HongQing Technology funding rounds

HongQing Technology funding rounds
DateStageInvestorsRaised
Jul 2026Series BChina Construction Bank (lead); ICBC Capital (lead); China Industrial Securities; Beijing E-town International Investment & Development; Xiamen Jianyuan Jinchuang Rail Fund; Jiayin Investment; Zijin Guorui Industrial Finance Fund; Beijing Advanced Manufacturing fund; Bofu Fund Management; CITIC Securities; Chengdu Jiaozi Financial Holding; Bank Of China$191M
Feb 2025Series A-$14M
Jan 2025Series AKunlun Capital; SDIC Unity Capital; Guangzhou Yuexiu Industrial Investment Fund; Yunzhi Fund$41M

Who has invested in HongQing Technology?

16 investors have backed HongQing Technology across its funding rounds, including CITIC Securities, Guangzhou Yuexiu Industrial Investment Fund, Beijing E-town International Investment & Development, SDIC Unity Capital, Kunlun Capital and Bank Of China.

Lead investors include China Construction Bank and ICBC Capital.


HongQing Technology Investors

Investors in HongQing Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
China Industrial SecuritiesChinaFuzhou1ParticipantJul 2026
Beijing E-town International Investment & DevelopmentChinaBeijing1ParticipantJul 2026
Kunlun CapitalSingaporeSingapore1ParticipantJan 2025
SDIC Unity CapitalChinaBeijing1ParticipantJan 2025
Guangzhou Yuexiu Industrial Investment FundChinaGuangzhou1ParticipantJan 2025
Yunzhi FundChinaChina1ParticipantJan 2025
Xiamen Jianyuan Jinchuang Rail FundChinaXiamen1ParticipantJul 2026
Jiayin InvestmentChinaHangzhou1ParticipantJul 2026
ICBC CapitalHong KongHong Kong1LeadJul 2026
Zijin Guorui Industrial Finance FundChinaBeijing1ParticipantJul 2026
Beijing Advanced Manufacturing fundChinaBeijing1ParticipantJul 2026
China Construction BankHong KongBeijing1LeadJul 2026
Bofu Fund ManagementChinaChangsha1ParticipantJul 2026

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HongQing Technology Competitors

HongQing Technology competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Yuanxin Satellite.

Public and private companies comparable to HongQing Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$2.0T-
EchoStarUnited StatesUnited StatesPublicly listed$15B($16B)$27B3.1x
AST SpaceMobileUnited StatesUnited StatesPublicly listed$71M($419M)$19B148.3x
China SatelliteChinaChinaPublicly listed$394M$263M$15B-
ICEYEFinlandEspooPrivate$289M$115M$12B40.3x
Yuanxin SatelliteChinaShanghaiPrivate--$7.4B-

HongQing Technology Public Comps

HongQing Technology 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
EchoStar$15B($16B)3.0x3.1x(2.8x)21.5x
AST SpaceMobile$71M($419M)282.1x148.3x(47.7x)(72.4x)
China Satellite$394M$263M36.7x-55.0x-
Globalstar$273M$126M39.2x37.9x85.2x77.4x
China Spacesat$910M$56M11.3x10.0x183.0x134.8x
Viasat$4.6B$1.6B3.3x3.2x9.5x9.9x
Planet Labs$308M($211M)18.9x14.9x(27.5x)508.1x

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Common questions about HongQing Technology

When was HongQing Technology founded?HongQing Technology was founded in 2017.
Where is HongQing Technology headquartered?HongQing Technology is headquartered in China.
Is HongQing Technology publicly listed?No, HongQing Technology is a private, VC-backed company.
How much funding has HongQing Technology raised?HongQing Technology has raised $246M across 3 funding rounds.
What was HongQing Technology's last funding round?HongQing Technology's last funding round was a $191M Series B in July 2026, led by China Construction Bank and ICBC Capital.
Who are HongQing Technology's investors?HongQing Technology's investors include China Industrial Securities, Beijing E-town International Investment & Development, Kunlun Capital, SDIC Unity Capital, Guangzhou Yuexiu Industrial Investment Fund, Yunzhi Fund, Xiamen Jianyuan Jinchuang Rail Fund, Jiayin Investment, ICBC Capital, Zijin Guorui Industrial Finance Fund and 6 others.
Which companies are comparable to HongQing Technology?Companies comparable to HongQing Technology include SpaceX, EchoStar, AST SpaceMobile, China Satellite, ICEYE and Yuanxin Satellite.

See companies similar to HongQing Technology

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