ADASPACE (06935) Debuts on the Main Board, Opening 1.85% Lower; Company Holds Orders for 114 AI Satellites Awaiting Delivery

Stock News11-13 09:26

According to Zhitong Finance APP, ADASPACE (06935) made its debut on the Main Board. The listing announcement showed that shares were priced at HK$24.9 each, with a total of 30.121 million shares issued, traded in board lots of 100 shares, and net proceeds of approximately HK$772 million. As of press time, the stock was down 1.85% at HK$24.44, with turnover of HK$89.9566 million.

Public information shows that ADASPACE was founded in 2018. Its main business is divided into two segments: satellites and related services, and space-based solutions, covering satellite design and manufacturing, in-orbit operations and maintenance, space-based AI computing power services, and industry solutions. It is one of the earlier private commercial aerospace companies in China to enter the AI satellite sector. According to Frost & Sullivan data, by revenue in 2025, ADASPACE ranked second among all Chinese private commercial aerospace companies with full satellite value chain capabilities.

As a pioneer in AI satellites, ADASPACE launched China's first AI application satellite in December 2018, and in September 2024 successfully developed and launched China's first AI large-model intelligent computing satellite. On May 14, 2025, the company successfully developed and launched the world's first AI intelligent computing satellite constellation composed of 12 AI intelligent computing satellites.

The prospectus disclosed that as of October 20, 2026, ADASPACE held orders for 114 AI satellites awaiting delivery, with a total contract value of RMB 3.475 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1129505733?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-11-13 09:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1129505733","market":"hk","top_or_hot":-1,"title":"ADASPACE (06935) Debuts on the Main Board, Opening 1.85% Lower; Company Holds Orders for 114 AI Satellites Awaiting Delivery","media":"Stock News","content":"<p>According to Zhitong Finance APP, <b>ADASPACE</b> (<b>06935</b>) made its debut on the Main Board. The listing announcement showed that shares were priced at HK$24.9 each, with a total of 30.121 million shares issued, traded in board lots of 100 shares, and net proceeds of approximately HK$772 million. As of press time, the stock was down 1.85% at HK$24.44, with turnover of HK$89.9566 million.<br><br>Public information shows that <b>ADASPACE</b> was founded in 2018. Its main business is divided into two segments: satellites and related services, and space-based solutions, covering satellite design and manufacturing, in-orbit operations and maintenance, space-based AI computing power services, and industry solutions. It is one of the earlier private commercial aerospace companies in China to enter the AI satellite sector. According to Frost & Sullivan data, by revenue in 2025, <b>ADASPACE</b> ranked second among all Chinese private commercial aerospace companies with full satellite value chain capabilities.<br><br>As a pioneer in AI satellites, <b>ADASPACE</b> launched China's first AI application satellite in December 2018, and in September 2024 successfully developed and launched China's first AI large-model intelligent computing satellite. On May 14, 2025, the company successfully developed and launched the world's first AI intelligent computing satellite constellation composed of 12 AI intelligent computing satellites.<br><br>The prospectus disclosed that as of October 20, 2026, <b>ADASPACE</b> held orders for 114 AI satellites awaiting delivery, with a total contract value of RMB 3.475 billion.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ADASPACE (06935) Debuts on the Main Board, Opening 1.85% Lower; Company Holds Orders for 114 AI Satellites Awaiting Delivery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nADASPACE (06935) Debuts on the Main Board, Opening 1.85% Lower; Company Holds Orders for 114 AI Satellites Awaiting Delivery\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-11-13 09:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>According to Zhitong Finance APP, <b>ADASPACE</b> (<b>06935</b>) made its debut on the Main Board. The listing announcement showed that shares were priced at HK$24.9 each, with a total of 30.121 million shares issued, traded in board lots of 100 shares, and net proceeds of approximately HK$772 million. As of press time, the stock was down 1.85% at HK$24.44, with turnover of HK$89.9566 million.<br><br>Public information shows that <b>ADASPACE</b> was founded in 2018. Its main business is divided into two segments: satellites and related services, and space-based solutions, covering satellite design and manufacturing, in-orbit operations and maintenance, space-based AI computing power services, and industry solutions. It is one of the earlier private commercial aerospace companies in China to enter the AI satellite sector. According to Frost & Sullivan data, by revenue in 2025, <b>ADASPACE</b> ranked second among all Chinese private commercial aerospace companies with full satellite value chain capabilities.<br><br>As a pioneer in AI satellites, <b>ADASPACE</b> launched China's first AI application satellite in December 2018, and in September 2024 successfully developed and launched China's first AI large-model intelligent computing satellite. On May 14, 2025, the company successfully developed and launched the world's first AI intelligent computing satellite constellation composed of 12 AI intelligent computing satellites.<br><br>The prospectus disclosed that as of October 20, 2026, <b>ADASPACE</b> held orders for 114 AI satellites awaiting delivery, with a total contract value of RMB 3.475 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QTOC","symbol_name":"Innovator Growth Accelerated Plus ETF - October","start_time":0,"source_url":"","article_id":"1129505733","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129505733","pubTimestamp":1794533175,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"According to Zhitong Finance APP, ADASPACE (06935) made its debut on the Main Board. The listing announcement showed that shares were priced at HK$24.9 each, with a total of 30.121 million shares...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"QTOC":"Innovator Growth Accelerated Plus ETF - October","AIPO":"Defiance AI and Power Infrastructure ETF","06935":"国星宇航","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","ARTY":"ISHARES FUTURE AI & TECH ETF","VTHR":"Vanguard Russell 3000 ETF","IPOS":"Renaissance International IPO ETF","AGIX":"通用人工智能 ETF-AGIX"},"translate_title":"ADASPACE(06935)主板首秀，低开1.85%；公司持有114颗人工智能卫星订单等待交付","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06935":1,"CHAT":1,"AIPO":1,"ARTY":1,"QTOC":1,"IPOS":1,"VTHR":1,"AGIX":1},"content_text":"According to Zhitong Finance APP, ADASPACE (06935) made its debut on the Main Board. The listing announcement showed that shares were priced at HK$24.9 each, with a total of 30.121 million shares issued, traded in board lots of 100 shares, and net proceeds of approximately HK$772 million. As of press time, the stock was down 1.85% at HK$24.44, with turnover of HK$89.9566 million.Public information shows that ADASPACE was founded in 2018. Its main business is divided into two segments: satellites and related services, and space-based solutions, covering satellite design and manufacturing, in-orbit operations and maintenance, space-based AI computing power services, and industry solutions. It is one of the earlier private commercial aerospace companies in China to enter the AI satellite sector. According to Frost & Sullivan data, by revenue in 2025, ADASPACE ranked second among all Chinese private commercial aerospace companies with full satellite value chain capabilities.As a pioneer in AI satellites, ADASPACE launched China's first AI application satellite in December 2018, and in September 2024 successfully developed and launched China's first AI large-model intelligent computing satellite. On May 14, 2025, the company successfully developed and launched the world's first AI intelligent computing satellite constellation composed of 12 AI intelligent computing satellites.The prospectus disclosed that as of October 20, 2026, ADASPACE held orders for 114 AI satellites awaiting delivery, with a total contract value of RMB 3.475 billion.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.53.0","shortVersion":"4.53.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1129505733","isCrawlerRequest":true}