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- Yuanxin Satellite
Yuanxin Satellite Valuation, Funding & Investors
Yuanxin Satellite is valued at $7.4B as of August 2026.
Last Yuanxin Satellite valuation
$7.4B
Undisclosed stage · Aug 2026
Last Yuanxin Satellite funding round
$1B
Undisclosed stage · Aug 2026
Cumulative funding Yuanxin Satellite raised
$2B
across 2 funding rounds
Key investors in Yuanxin Satellite
CAS Star
China Development Bank Capital
CAS Investment Management
Hengxu Capital
Guotai Haitong Securities
Guosheng Group
Yuanxin Satellite Overview
About Yuanxin Satellite
Yuanxin Satellite is a provider of low-orbit broadband multimedia satellite network services headquartered in Shanghai, China. Founded on March 8, it invests in satellite manufacturing and broadband constellation development using international technologies.
Founded
2018
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$7.4B (Aug 2026)
Yuanxin Satellite Valuation
Yuanxin Satellite is currently valued at $7.4B, based on its undisclosed-stage round in August 2026.
The $1B round was led by Shanghai Alliance Investment, with participation from Chinese Academy Of Sciences and China Development Bank.
Yuanxin Satellite valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Undisclosed stage | $7.4B |
Yuanxin Satellite Funding History
Yuanxin Satellite has raised a total of $2B across 2 funding rounds.
Yuanxin Satellite's first fundraising round was a $931M Series A in February 2024. The most recent completed round was a $1B undisclosed-stage round in August 2026.
Yuanxin Satellite funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | Shanghai Alliance Investment (lead); Chinese Academy Of Sciences; China Development Bank | $1B | $7.4B | Shanghai Yuanxin Satellite Technology Co., Ltd. completed a capital increase of about $1.0 billion in August 2026, raising RMB6.976 billion from 18 investors and implying a post-money valuation of RMB50 billion. The round was led by state-backed and industrial investors, including a consortium of 24 entities that contributed about RMB5.764 billion for an 11.5167% stake, while the total new shareholding ratio was 13.9384%. The financing is intended to support construction and deployment of the Qianfan satellite constellation, accelerate low-Earth-orbit satellite internet infrastructure, and expand the company’s satellite network operating capabilities. Yuanxin Satellite is building Shanghai’s large-scale commercial satellite internet project and is positioned as a core operator in China’s low-orbit broadband constellation push. The company had previously raised major funding in earlier rounds and has attracted a mix of state-owned, industrial, and venture capital investors supporting constellation engineering, technology development, market expansion, and operating expenses. |
| Feb 2024 | Series A | China Development Bank Capital (lead); FR Capital; Guotai Haitong Securities; Hengxu Capital; Asiainfo Security; CCTV Media Fund; CAS Investment Management; Guosheng Group; Gaoyuan Capital; CAS Star; Shanghai Lianhe Investment; Meilanhu Investment | $931M | - | Shanghai Yuanxin Satellite Technology Co., Ltd., established in 2018 by the Shanghai Municipal State-owned Assets Regulatory Commission and backed by Shanghai Lianhe Investment, develops low-orbit satellites as part of Shanghai's G60 Starlink initiative aiming for over 12,000 satellites, with the first phase of 1,296 satellites planned from 2024-2027. The company completed a Series A financing round of RMB 6.7 billion (US$932 million), led by China Development Bank Manufacturing Transformation and Upgrading Fund, with participation from investors including AsiaInfo Security, Guosheng Capital (Guosheng Group), SAIC Hengxu Capital (Hengxu Capital), CCTV Media Fund, Guotai Junan (Guotai Haitong Securities), and others, aligning with the query's investor list. This round, reported around early 2024, supports satellite launches, with 648 GEN1 satellites targeted by end-2025 and 648 GEN2 by 2027. Yuanxin benefits from Shanghai government policies to cultivate key commercial aerospace enterprises and grow the space information industry beyond 200 billion yuan by 2025, positioning it as a state-supported player in China's satellite internet ambitions. |
Who has invested in Yuanxin Satellite?
15 investors have backed Yuanxin Satellite across its funding rounds, including CAS Star, China Development Bank Capital, CAS Investment Management, Hengxu Capital, Guotai Haitong Securities and Guosheng Group.
Lead investors include Shanghai Alliance Investment and China Development Bank Capital.
Yuanxin Satellite Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | Feb 2024 | ||
This data is available for Pro users. Sign up to see all 15 Yuanxin Satellite 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 TrialYuanxin Satellite Competitors
Yuanxin Satellite competitors include listed companies like Planet Labs, Viasat, China Spacesat and Globalstar, and private ones like K2 Space and ICEYE.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $23M | - | $6.8B | - | ||
| Publicly listed | $308M | ($211M) | $6.2B | 14.9x | ||
| Publicly listed | $4.6B | $1.6B | $10B | 3.2x | ||
| Publicly listed | $910M | $56M | $10B | 10.0x | ||
| Publicly listed | $273M | $126M | $11B | 37.9x | ||
| Private | $289M | $115M | $12B | 40.3x |
Yuanxin Satellite Public Comps
Yuanxin Satellite is still privately-owned, but its public comps include Planet Labs, Loar Group, Iridium, Viasat, China Spacesat, OHB, Globalstar, SKY Perfect JSAT Corp, Geovis and Space42.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $308M | ($211M) | 18.9x | 14.9x | (27.5x) | 508.1x | |||
| $496M | $157M | 13.8x | 11.0x | 43.7x | 27.8x | |||
| $872M | $443M | 7.6x | 7.3x | 14.9x | 13.4x | |||
| $4.6B | $1.6B | 3.3x | 3.2x | 9.5x | 9.9x | |||
| $910M | $56M | 11.3x | 10.0x | 183.0x | 134.8x | |||
| $1.4B | $141M | 2.6x | 2.3x | 25.7x | 22.9x | |||
| $273M | $126M | 39.2x | 37.9x | 85.2x | 77.4x | |||
| $820M | $313M | 4.2x | 4.1x | 11.1x | 10.2x | |||
This data is available for Pro users. Sign up to see all Yuanxin Satellite competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Yuanxin Satellite
| When was Yuanxin Satellite founded? | Yuanxin Satellite was founded in 2018. |
| Where is Yuanxin Satellite headquartered? | Yuanxin Satellite is headquartered in Shanghai, China. |
| Is Yuanxin Satellite publicly listed? | No, Yuanxin Satellite is a private, VC-backed company. |
| What is Yuanxin Satellite's valuation? | Yuanxin Satellite was last valued at $7.4B in its undisclosed-stage round in August 2026. |
| How much funding has Yuanxin Satellite raised? | Yuanxin Satellite has raised $2B across 2 funding rounds. |
| What was Yuanxin Satellite's last funding round? | Yuanxin Satellite's last funding round was a $1B undisclosed-stage round in August 2026, led by Shanghai Alliance Investment. |
| Who are Yuanxin Satellite's investors? | Yuanxin Satellite's investors include Chinese Academy Of Sciences, FR Capital, Guotai Haitong Securities, Hengxu Capital, China Development Bank Capital, Asiainfo Security, China Development Bank, CCTV Media Fund, CAS Investment Management, Guosheng Group and 5 others. |
| Which companies are comparable to Yuanxin Satellite? | Companies comparable to Yuanxin Satellite include K2 Space, Planet Labs, Viasat, China Spacesat, Globalstar and ICEYE. |
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