Commercial space unicorn races to become the "first space AI stock," ranking first nationwide in AI satellite launches.

Recently, Chengdu Guoxing Aerospace Technology Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange Main Board, aiming to become the "first space AI stock" in the Hong Kong stock market, with Guotai Junan International as the sole sponsor. The company plans to globally offer 30,121,000 H shares, with 10% for Hong Kong public offering and 90% for international offering; the maximum offer price is HK$33.20 per share; the shares are expected to commence trading on the Hong Kong Stock Exchange on November 13, 2026. As the private commercial aerospace enterprise with the largest cumulative number of AI satellites launched in China, Guoxing Aerospace has completed 15 space missions and successfully launched 35 satellites. As of the latest disclosure date, it holds orders for 114 AI satellites awaiting delivery, totaling RMB 3.475 billion; the company's revenue structure has improved, with the proportion of satellite and related services revenue jumping from 0.6% in 2023 to 57.7% in the first half of 2026, and hardware sales have officially become the primary revenue pillar.