On September fifteenth, Beijing Micro and Nano Space Technology Co., Ltd. (hereinafter known as “Micro and Nano Space”) formally accomplished the IPO counseling report submitting with the Beijing Securities Regulatory Bureau. The counseling establishment is Guotai Haitong Securities, and it plans to be listed on the Science and Technology Innovation Board.
Micro and Nano Space is knowledgeable industrial aerospace enterprise, specializing in satellite tv for pc manufacturing – offering one-stop providers for the whole course of from pre – design, mid – manufacturing, to submit – meeting and testing.
The satellite tv for pc merchandise of Micro and Nano Space embrace:
“Space Photographer” – Remote Sensing Satellites: together with optical satellites that may take excessive – definition floor images and radar satellites that may penetrate clouds and work at evening. These pictures can be utilized in lots of fields reminiscent of crop monitoring, catastrophe evaluation, and concrete planning.
“Space Router” – Communication Satellites: In the long run, they can be utilized to construct a globally seamless – coated Internet of Things and Internet, for instance, to supply community connections for distant areas and ocean – going ships.
Micro and Nano Space is nice at manufacturing satellites with excessive efficiency and controllable prices, and has mastered core applied sciences reminiscent of excessive – decision distant sensing and artificial aperture radar (SAR).
Currently, Micro and Nano Space has efficiently developed and launched 27 satellites and has successively launched quite a few iconic merchandise, together with Taijing – 3 01, the primary 0.5 – meter – decision optical distant sensing satellite tv for pc developed by a personal enterprise in China, Taijing – 4 01, the primary X – band industrial artificial aperture radar (SAR) satellite tv for pc in China, and Taijing – 4 03, the primary industrial Ku – band phased – array radar distant sensing satellite tv for pc in China.
Data reveals that since its institution, it has accomplished 14 rounds of financing, with a complete financing quantity exceeding 2 billion yuan. In June final yr, Micro and Nano Space accomplished a 1 – billion – yuan Series C1 financing. After the funding, its valuation exceeded 7 billion yuan, making it a unicorn enterprise within the industrial aerospace business. In August this yr, Micro and Nano Space accomplished its newest spherical of financing.
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Micro and Nano Space was based in August 2017, with its headquarters within the Yongfeng Industrial Base of Zhongguancun, Beijing. It is likely one of the earliest personal industrial aerospace enterprises in China with satellite tv for pc manufacturing as its core. Its founder, Gao Enyu, is an aerospace knowledgeable with a profound skilled background.
Gao Enyu is a health care provider of aerospace engineering collectively educated by Beijing Institute of Technology and The Pennsylvania State University within the United States. Before founding Micro and Nano Space, he served because the chief designer and director designer of the general design division within the China Academy of Launch Vehicle Technology and the China Academy of Space Technology below the China Aerospace Science and Technology Corporation.
In 2014, the State Council issued a guiding opinion for the primary time to encourage personal capital to take part in industrial aerospace, opening the door for social capital to enter the aerospace area.
Gao Enyu realized that with the liberalization of business aerospace insurance policies and the rise of world satellite tv for pc Internet plans (reminiscent of SpaceX’s Starlink), the Chinese industrial satellite tv for pc market would additionally develop.
At the start of its institution, the group even fearful about whether or not there could be sufficient satellite tv for pc duties. But quickly, the market demand proved their judgment. Just three months after its institution, it earned multiple million yuan from promoting satellite tv for pc merchandise.
In 2018, they obtained an order for 2 50 – kilogram satellites for the “Hainan – 1” satellite tv for pc undertaking, after which obtained orders for a number of 200 – kilogram satellites, with a contract worth of a whole lot of tens of millions of yuan.
The improvement of Micro and Nano Space has not been all easy crusing. On October 27, 2018, the “Future – 1” satellite tv for pc it participated in creating didn’t enter orbit as a result of angle instability of the third stage of the “Zhuque – 1” rocket it was carried on. But this expertise additionally tempered the group.
After that, it successively accomplished a number of launch missions efficiently. As of the knowledge in 2025, Micro and Nano Space has efficiently developed and launched 27 satellites, protecting satellites from 10 kg to 1000 kg. It has constructed the flexibility to develop greater than 60 satellites per yr and ranks among the many main enterprises in excessive – finish satellite tv for pc manufacturing in China.
Its star merchandise embrace Taijing – 3 01, the primary 0.5 – meter – decision distant sensing satellite tv for pc developed by a personal enterprise in China, Taijing – 4 01, the primary X – band industrial SAR satellite tv for pc in China, and Taijing – 4 03, the primary industrial Ku – band phased – array radar distant sensing satellite tv for pc in China.
Currently, Micro and Nano Space has constructed a whole closed – loop system for satellite tv for pc improvement, manufacturing, and testing protecting the entire satellite tv for pc, payloads, and elements in Beijing, Changchun, Wuxi, Chengdu and different locations, forming the flexibility to develop greater than 60 satellites per yr.
The steady favor of the capital market has injected impetus into the event of Micro and Nano Space.
According to public info, it has accomplished 14 rounds of financing to this point, with a cumulative financing quantity exceeding 2 billion yuan. The newest spherical of financing befell in August this yr, and the buyers are various, together with each state – owned capital and plenty of market – oriented funding establishments.
Notably, in June final yr, Micro and Nano Space accomplished a 1 – billion – yuan Series C1 financing, which was the most important – scale financing since its institution. Its valuation exceeded 7 billion yuan, making it a unicorn enterprise within the industrial aerospace area.
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Micro and Nano Space focuses on the event of the “whole satellite” (that’s, the entire strategy of the entire satellite tv for pc from design to in – orbit operation after launch). It not solely manufactures the satellite tv for pc physique but in addition supplies “satellite – ground integration” providers reminiscent of floor stations, management methods, and in – orbit administration (measurement and management, communication, information providers, and so forth.).
Specific merchandise embrace:
Different forms of distant sensing satellites (reminiscent of optical distant sensing, excessive – decision, infrared, hyperspectral, microwave distant sensing, and so forth.);
Communication satellites (together with broadband Internet communication, slim – band/low – energy communication, and so forth.);
Ground merchandise: floor stations, measurement and management, information terminals, and so forth.;
Core elements: The autonomy fee of key elements reminiscent of satellite tv for pc platforms, on – board antennas, and angle management computer systems is comparatively excessive.
Its prospects embrace authorities scientific analysis establishments, telecommunications firms, Internet firms, and a few rising industrial software events. The China Aerospace Science and Technology Corporation, the Chinese Academy of Sciences, and a few giant state – owned enterprises are additionally its cooperation companions.
In the previous few years, it has undertaken supporting duties for a number of main nationwide tasks. For instance, it participated within the improvement of China’s first industrial SAR (artificial aperture radar) satellite tv for pc. This kind of satellite tv for pc can take pictures at evening or in cloudy situations, filling a niche within the industrial satellite tv for pc market.
In addition, Micro and Nano Space was additionally the “first to launch” within the area of small optical distant sensing satellites. It is likely one of the earliest personal enterprises in China to ship a complete satellite tv for pc and full in – orbit operation.
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In latest years, Micro and Nano Space has additionally saved up with a number of key rhythms in its improvement.
On the one hand, there’s coverage assist. The state clearly proposed within the “14th Five – Year Plan” to develop industrial aerospace and assist the industrialization of satellite tv for pc Internet and distant sensing functions, which has introduced advantages to enterprises like Micro and Nano Space.
On the opposite hand, there’s an explosion of downstream demand.
For instance, the digital transformation in rural areas, the clever upgrading of the marine fishery business, and the excessive – precision positioning of autonomous driving all require extra satellites.
For occasion, Micro and Nano Space additionally seized these alternatives and successively launched a sequence of product traces, deploying satellites in numerous orbits for communication, distant sensing, and navigation.
If we take a broader view of the whole business, the aerospace business is at an thrilling turning level.
In the previous few many years, aerospace has largely been the sport of the “national team”, and it was tough for abnormal folks to really feel it personally. But now, industrial aerospace is penetrating each facet of life.
For instance, the development of the satellite tv for pc Internet is accelerating. In the long run, whether or not you might be on the Qinghai – Tibet Plateau or on an ocean – going fishing boat, you’ll be able to surf the Internet as easily as within the metropolis.
Another instance is that climate forecasts will turn out to be an increasing number of correct. They cannot solely inform you whether or not it should rain tomorrow but in addition precisely predict whether or not a sure freeway part will freeze, which all requires extra satellites to supply actual – time information.
The adjustments within the agricultural area are extra intuitive. In the previous, farmers primarily relied on expertise to farm. Now, by satellite tv for pc pictures, they’ll know which fields want fertilization and which fields are in need of water, reaching “precision agriculture”.
Another state of affairs that’s occurring is “travel”.
In the subsequent few years, in the event you drive an autonomous car, it is rather more likely to depend on satellites to supply centimeter – degree excessive – precision positioning. In this fashion, at freeway intersections, automobiles is not going to deviate from the lane resulting from GPS drift. For the frequent folks, this implies a safer and extra dependable expertise.
In addition, with the event of satellite tv for pc communication, issues reminiscent of youngsters in mountainous areas taking on-line lessons and employees at sea having video calls with their households, which had been tough prior to now, will turn out to be as pure as respiratory.
In the power and environmental safety fields, satellites even have nice potential.
For instance, by distant sensing satellites, the nationwide forest protection fee, river air pollution situations, and concrete smog diffusion paths may be monitored. For the federal government, these information may help formulate extra scientific environmental safety insurance policies; for the frequent folks, the advance of air high quality and the protection of consuming water are all carefully associated to those applied sciences.
In the long run, with the growing demand for carbon emission monitoring, satellites will even play the position of “carbon footprint monitors” to assist China and the world obtain the “dual – carbon goal”.
From a world perspective, the dimensions of the industrial aerospace business can also be increasing quickly.
According to Morgan Stanley’s prediction, by 2040, the worldwide aerospace economic system will attain 1 trillion US {dollars}, and a big a part of it should come from satellite tv for pc manufacturing and satellite tv for pc Internet providers.
China is the second – largest aerospace market on the earth. With the development of the “low – orbit satellite Internet” plan, it’s anticipated to type a constellation of a whole lot and even 1000’s of satellites within the subsequent few years.
This article doesn’t represent any funding recommendation.
This article is from the WeChat public account “Pencil News” (ID: pencilnews), creator: Huatai Shi, revealed by 36Kr with authorization.