Latest Yuanxin Satellite news, funding rounds and robotics & AI coverage. $975M raised. 1 article tracked by The Robotics Media.
Shanghai Yuanxin Satellite Technology Co., Ltd., known internationally as SSST, was founded in 2018 as a state-owned enterprise under Shanghai's SASAC. The company develops and operates the Qianfan (also branded G60 or Spacesail) constellation, a low-Earth-orbit broadband network intended to reach more than 12,000 satellites and serve as China's answer to SpaceX Starlink. Yuanxin handles constellation design, satellite production, launch operations and consumer terminals, and has been raising large private rounds from Chinese state funds and strategic investors to accelerate deployment.