GalaxySpace raises extra financing
Chinese broadband-by-satellite business GalaxySpace has reportedly raised extra financing which values the company at almost $1.6 billion (€1.57bn). GalaxySpace is looking to participate in China’s planned 13,000 satellite mega-constellation. The cash has come from a major Chinese bank (CCB International) and others including Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund, as […]