The new space race: how China plans to break SpaceX’s dominance with IPO push
- Posted on July 13, 2026
- By South China Morning Post
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- 1 min read
China's aerospace sector is experiencing unprecedented growth as domestic companies pursue aggressive expansion strategies through capital markets. Following the Long March-10B booster's successful recovery, over 15 private and state-backed aerospace enterprises are preparing IPO applications on Shanghai's Star Market and Hong Kong Exchange. This strategic financial push represents Beijing's determination to challenge SpaceX's commercial space dominance and establish indigenous capabilities in satellite launches, deep space exploration, and reusable rocket technology.
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