This article only represents the author's own views.
Billionaire entrepreneur supreme Elon Musk has raised the commercialization of space to new heights, not only through his SpaceX rocket-launching company, but also through his Starlink satellite internet network. Now, Chinese satellite builder and related services provider Chengdu Adaspace Technology Co. Ltd. is hoping to ride that space craze to its own high valuation as it flies towards a Hong Kong IPO.
Adaspace is a relative newcomer to space, founded just seven years ago in 2018 by Lu Chuan, who has nearly 20 years of experience in AI, aerospace and communications engineering research. Third-party market data in the company’s listing document, first filed late last month and updated this week, shows Adaspace ranks eighth in China’s satellite-related business market, and is the country’s leader in terms of cumulative AI satellite launches by a private commercial aerospace company.