China’s private rocket maker LandSpace is moving forward with plans for a major IPO as it ramps up investment in reusable launch technology and scales up production for future commercial missions.
The company is targeting fundraising on the scale of roughly $1 billion or more, according to recent reports, with the exchange now reviewing its listing application. The IPO push comes as LandSpace positions itself as one of China’s most promising commercial space players, competing in a rapidly crowded market of private launch startups backed by government contracts and growing satellite demand.
LandSpace has gained attention for its methane-fueled rocket development program and its push toward reusability — a milestone that has become central to cutting launch costs globally. The fresh capital is expected to support research and development, manufacturing expansion, and the buildout needed to meet rising demand for launches tied to communications, Earth observation, and satellite internet projects.
The company’s fundraising ambitions and exchange review were reported by caixin global, while additional coverage highlighted the IPO’s connection to LandSpace’s reusable rocket roadmap and broader commercial goals. The latest reports can be found on caixin global, reuters, and spacenews.
The deal is being closely watched as a signal of how quickly China’s commercial space ecosystem is maturing. A successful listing would strengthen LandSpace’s ability to invest aggressively while also demonstrating that China’s public markets are increasingly willing to fund high-risk, high-tech aerospace companies — especially those aligned with national priorities like launch capability and satellite infrastructure.