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China eases IPO rules for firms developing reusable rockets
The Shanghai Stock Exchange exempts profitability rules for reusable rocket firms, requiring key tech milestones to boost competition with SpaceX and support national space goals.
- On Friday, the Shanghai Stock Exchange said the STAR Market will fast-track Chinese companies developing reusable commercial rockets by waiving profitability rules for proven orbital launches.
- Facing a capability gap, regulators say rocket development is capital-intensive and firms need access to China's capital markets to compete with the United States this month.
- Earlier this month, LandSpace launched the Zhuque-3 rocket from Jiuquan Satellite Launch Center, reaching orbit but failing booster recovery; it plans a successful recovery attempt in mid-2026.
- The guidelines take effect immediately and prioritize companies undertaking national missions or major state-led space projects, building on June listing regulations that eased access for pre-profit innovative companies.
- Beijing views SpaceX and Falcon 9's dominance as a national security risk, pushing its own satellite constellations, officials say.
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China eases IPO rules for firms developing reusable rockets
Chinese companies developing reusable commercial rockets will have access to a fast lane for initial public offerings on the tech-heavy STAR market that exempts them from some financial requirements, the Shanghai Stock Exchange said on Friday.Read MoreThe post China eases IPO rules for firms developing reusable rockets first appeared on The Who Dat Daily.
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Total News Sources8
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
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