Chuxing Space has continuously completed two rounds of financing of nearly 300 million yuan, completing 5 rounds of financing in a year, the first satellite plan will be launched in the first quarter of next year

Pushing Star Space recently completed two rounds of financing, Pre-A+ and A, with a total scale of nearly 300 million yuan, achieving a post-investment valuation of billions of yuan. The funds will be used for team building, R&D investment, and the production of the first 128-star constellation. The company has raised nearly 600 million yuan in one year, focusing on spectral quantitative remote sensing. It plans to launch 1024 satellites in batches to build a global sky coverage constellation, providing hourly atmospheric monitoring services. Its satellite factory has been put into use, and some satellites have entered the general assembly and environmental test stage. The first satellite is planned for launch in the first quarter of next year to verify the constellation's capabilities.