For stock trading insights, rely on authoritative, professional, timely and comprehensive analyst research to help uncover potential thematic opportunities.
On October 29, the Hong Kong Stock Exchange website disclosed that Chengdu Guoxing Aerospace Technology Co., Ltd. (referred to as "ADA Space") has passed its listing hearing at HKEX.
Passing the hearing means the IPO has entered the issuance stage after final review. Next, the company and its intermediary team will confirm potential strategic and cornerstone investors, conduct an international roadshow lasting about one week, and then proceed to the public offering, pricing and share placement stages. Once all steps are completed, the company can officially list. Under stable market conditions with no major adverse factors, companies can typically complete listing within 2 to 3 weeks.
ADA Space raised 3.55 billion yuan in financing in April 2026, with a post-investment valuation of 11.554 billion yuan.
ADA Space was established in May 2018, registered in Chengdu, Sichuan province, with founder Lu Chuan. It positions itself around AI intelligent computing satellites, the Star Era constellation and the Star Computing Plan.
ADA Space's core label is that it is a leading private satellite supply chain player in China focused on in-orbit space computing.
At 19:40 on October 14, 2026, ADA Space successfully sent 8 space computing satellites from the second group of its "Star Computing" plan into their designated orbit at the Dongfeng Commercial Aerospace Innovation Test Zone, using the Zhuque-2 improved Y4 carrier rocket.
Sina statement: Sina.com publishes this article for the purpose of conveying more information and does not mean it agrees with its views or confirms its description. The article's content is for reference only and does not constitute investment advice. Investors operating based on this bear their own risks.
Comments