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.
Amount Raised
$1.94 Billion
Round Type
Series B
ShanghaiHardwareSatellite CommunicationDescription
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.
Quick answer
Shanghai Spacecom Satellite Technology raised $1.94 Billion in a Series B round, dated August 21, 2026. Shanghai Spacecom Satellite Technology is based in Shanghai, Shanghai, China.
- How much did Shanghai Spacecom Satellite Technology raise?
- Shanghai Spacecom Satellite Technology raised $1.94 Billion in a Series B round on August 21, 2026.
- What does Shanghai Spacecom Satellite Technology do?
- 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.
- Where is Shanghai Spacecom Satellite Technology based and how big is it?
- Shanghai Spacecom Satellite Technology is based in Shanghai, Shanghai, China.
Source: Fundz verified event record.
Who else raised in Hardware and Satellite Communication around the same time
Companies in the same sectors as Shanghai Spacecom Satellite Technology that raised within 45 days of this round, from Fundz verified event records.
- Hubble Network raised $200M (Series C) on September 23, 2026.
- TUSK IC raised $17M (Series A) on September 17, 2026.
- INCERASOLUTION raised $10M (Series A) on September 1, 2026.
- Insera Solution raised $11M (Series A) on September 1, 2026.
- Vox Telecom raised $983M on August 25, 2026.
- Light Links raised $6M (Pre-Seed) on August 24, 2026.
Who to call at Shanghai Spacecom Satellite Technology, and when
A new round usually means Shanghai Spacecom Satellite Technology is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Shanghai Spacecom Satellite Technology raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Shanghai Spacecom Satellite Technology, from your own LinkedIn network
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Funding Insights
What this usually meansShanghai Spacecom Satellite Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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