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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 3 funding rounds
Key investors in Yuanxin Satellite
Shanghai Alliance Investment
Alibaba Group
CAS Star
China Development Bank Capital
CAS Investment Management
Hengxu Capital
Yuanxin Satellite Overview
About Yuanxin Satellite
Shanghai Yuanxin Satellite Technology is a Shanghai-based, state-backed company that builds and operates the Qianfan low-Earth-orbit satellite internet constellation, often described as China's answer to Starlink. The constellation began construction in 2023 and is planned in three phases: 648 satellites for regional coverage, 1,296 for global coverage and more than 15,000 in a third phase offering integrated services. The company plans to sell broadband, low-latency satellite connectivity and industry solutions worldwide, with an early focus on Belt and Road countries and Chinese companies operating abroad. Commercial revenue remains minimal: it booked RMB 189,000 of revenue and a net loss of about RMB 890 million in 2025, while total assets reached about RMB 10.2 billion. Yuanxin was established in March 2018 by Shanghai Alliance Investment and Shanghai Information Investment under the Shanghai state-owned assets commission. It raised a record RMB 6.7 billion Series A in February 2024 led by the CDB Manufacturing Transformation and Upgrading Fund, and in August 2026 completed a further RMB 6.976 billion capital increase at a valuation of about RMB 50 billion, with state capital holding more than 80 percent.
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. Read the announcement ↗
The $1B round was led by Shanghai Alliance Investment, with participation from AsiaInfo, Alibaba Group, China Structural Reform Fund, China COSCO SHIPPING and China State Shipbuilding Corporation.
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 3 funding rounds.
Yuanxin Satellite's first fundraising round was a seed round in February 2020. 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); AsiaInfo; Alibaba Group; China Structural Reform Fund; China COSCO SHIPPING; China State Shipbuilding Corporation | $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; Xin Ding Capital; Gaoyuan Capital; Shanghai Alliance Investment; CAS Star; 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. |
| Feb 2020 | Seed | Shanghai Alliance Investment (lead); Innovation Academy for Microsatellites of CAS | - | - | Shanghai Yuanxin Satellite Technology completed a Pre-A financing round in February 2020 that brought in Shanghai Alliance Investment and the Shanghai Engineering Center for Microsatellites as investors, according to company registry data reported by C114. The amount was not disclosed. Shanghai Alliance Investment is the core state-owned investment platform of the Shanghai municipal government and had co-founded Yuanxin in March 2018 with Shanghai Information Investment, which provided the company's angel funding. The Shanghai Engineering Center for Microsatellites, now the Innovation Academy for Microsatellites of the Chinese Academy of Sciences, is one of China's lead units for small-satellite development and later held about 3.2 percent of Yuanxin, taking a direct role in satellite research and development. Yuanxin is building the Qianfan low-Earth-orbit broadband constellation, often described as China's answer to Starlink, which began construction in 2023. The company went on to raise a record RMB 6.7 billion Series A in February 2024 led by the CDB Manufacturing Transformation and Upgrading Fund. |
Who has invested in Yuanxin Satellite?
19 investors have backed Yuanxin Satellite across its funding rounds, including Shanghai Alliance Investment, Alibaba Group, CAS Star, China Development Bank Capital, CAS Investment Management and Hengxu Capital.
Lead investors include Shanghai Alliance Investment and China Development Bank Capital.
Yuanxin Satellite Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2020 | ||
| 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 | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Feb 2024 | ||
This data is available for Pro users. Sign up to see all 19 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 China Spacesat, OHB, Viasat and Globalstar, and private ones like K2 Space and ICEYE.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $6.8B | - | ||
| Publicly listed | $917M | $57M | $9.9B | 9.4x | ||
| Publicly listed | $1.4B | $137M | $5.2B | 3.0x | ||
| Publicly listed | $4.6B | $1.6B | $11B | 3.3x | ||
| Publicly listed | $273M | $126M | $11B | 37.6x | ||
| Private | $289M | $115M | $12B | 40.3x |
Yuanxin Satellite Public Comps
Yuanxin Satellite is still privately-owned, but its public comps include Loar Group, OHB, Planet Labs, China Spacesat, Iridium, Viasat, Globalstar, Geovis, SKY Perfect JSAT Corp and AST SpaceMobile.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $496M | $157M | 13.4x | 10.4x | 42.4x | 25.9x | |||
| $1.4B | $137M | 3.4x | 3.0x | 33.6x | 28.6x | |||
| $308M | ($211M) | 14.7x | 11.2x | (21.5x) | 422.2x | |||
| $917M | $57M | 11.0x | 9.4x | 178.8x | 124.7x | |||
| $872M | $443M | 7.3x | 6.9x | 14.3x | 12.7x | |||
| $4.6B | $1.6B | 3.4x | 3.3x | 9.8x | 10.2x | |||
| $273M | $126M | 39.1x | 37.6x | 84.9x | 77.0x | |||
| $402M | $45M | 9.0x | 7.8x | 80.8x | - | |||
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 3 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 Shanghai Alliance Investment, FR Capital, Guotai Haitong Securities, Hengxu Capital, China Development Bank Capital, Asiainfo Security, AsiaInfo, CCTV Media Fund, CAS Investment Management, Guosheng Group and 9 others. |
| Which companies are comparable to Yuanxin Satellite? | Companies comparable to Yuanxin Satellite include K2 Space, China Spacesat, OHB, Viasat, Globalstar and ICEYE. |
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