SpaceSail has raised 1 billion USD in its Series B round to accelerate the buildout of a low-Earth-orbit satellite network to compete with Starlink. The funding round saw participation from 18 investors including Shanghai Alliance Investment and CAS Star.
Amount Raised
$1 Billion
Round Type
Series B
ShanghaiHardwareAerospaceInternetSatellite CommunicationInvestors
Description
SpaceSail completed its Series B funding round, raising around 7 billion yuan (US$1 billion) to enhance China's satellite internet capabilities. The funding will support the construction of a low-Earth-orbit network aiming to rival Elon Musk’s Starlink. With this round, the company's valuation has reached about 50 billion yuan. This marks a significant milestone in China's efforts to develop large-scale satellite networks.
Quick answer
SpaceSail raised $1 Billion in a Series B round, dated August 20, 2026. Investors: CAS Star and Shanghai Alliance Investment. SpaceSail is based in Shanghai, China.
- How much did SpaceSail raise?
- SpaceSail raised $1 Billion in a Series B round on August 20, 2026.
- Who invested in SpaceSail?
- CAS Star and Shanghai Alliance Investment are named as investors in this round.
- What does SpaceSail do?
- SpaceSail, officially known as Shanghai Spacecom Satellite Technology, is a domestic start-up in China focused on building a low-Earth-orbit (LEO) satellite network to provide broadband internet.
- Where is SpaceSail based and how big is it?
- SpaceSail is based in Shanghai, China.
Source: Fundz verified event record.
Who else raised in Hardware and Aerospace around the same time
Companies in the same sectors as SpaceSail that raised within 45 days of this round, from Fundz verified event records.
- TUSK IC raised $17M (Series A) on September 17, 2026.
- Vox Telecom raised $983M on August 25, 2026.
- SWISSto12 raised $70M (Series C) on July 16, 2026.
- Hubble Network raised $200M (Series C) on September 23, 2026.
- Rocket Lab Corp raised $1.9B (Post-IPO Equity) on September 19, 2026.
- Circuits Integrated Hellas raised an undisclosed amount (Pre-Seed) on September 15, 2026.
Who to call at SpaceSail, and when
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Funding Insights
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