Shanghai-Based Satellite Maker Raises $935 Million
Shanghai Spacecom Satellite Technology (SSST) raised $935 million in its Series A round.
Credit: Alamy Stock Photo
Shanghai Spacecom Satellite Technology (SSST), which is backed by the commercial hub’s municipal government, has raised RMB 6.7 billion ($935 million) to build a low-Earth-orbit (LEO) satellite constellation that will support broadband internet connectivity. Leading SSST’s Series A capital raise was...
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