China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition with Elon Musk’s SpaceX.
The Shanghai Stock Exchange has issued questions on LandSpace Technology’s IPO application, according to an update late on Thursday, advancing the company’s plan to raise 7.5 billion yuan (US$1 billion) on the tech-focused Star market.
IPO preparations also advanced at…
China’s rocket start-ups push the envelope as IPOs gather pace
