Friday, 12 June, 2026
Beijing’s Space Race Hits a Valuation Ceiling
By TechShots Studio
SpaceX’s historic $75 billion IPO has triggered a rush among Chinese space startups, with at least seven firms advancing public listings to ride the sector's strategic momentum. However, a major tech gap threatens their market debuts. While SpaceX thrives on proven reusable rockets and its massive Starlink broadband network, Chinese competitors have yet to successfully land a reusable booster, leaving them heavily dependent on state contracts with minimal revenue to justify their hype.