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Shanghai Spacecom Satellite Technology has raised $1.94 billion in a Series B financing round, aiming to rival Starlink and serve both domestic and overseas markets.
PRIVATEAug 21, 2026•about 4 hours ago
Amount Raised
$1.94 Billion
Round Type
Series B
ShanghaiHardwareSatellite Communication
Description
Shanghai Spacecom Satellite Technology (SSST) has raised 7 billion yuan (about $1.94 billion) in its Series B financing round. This round values the company at approximately $6.96 billion. The funds are intended to support China's competition with Starlink. This financing ranks among the largest Series B deals in China's telecom sector.
Company Information
Company
Shanghai Spacecom Satellite Technology
Location
Shanghai, Shanghai, China
About
Shanghai Spacecom Satellite Technology is a space tech startup involved in the G60 Starlink project, aiming to provide broadband access to the internet through a low-orbit satellite constellation.
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