Guoke Xingqing secures financing for satellite electric propulsion
A group of Chinese investors backs development and production of its space propulsion systems.
Guoke Xingqing has completed financing of tens of millions of yuan to expand its satellite electric propulsion business. A July 28, 2026 report by Stockstar cited financing information published through Tianyancha on July 26.
The investor group includes Hangzhou Kechuang’s Runmiao Fund, Shanghai Kechuang Group, Huiyan Capital and Gongqingcheng Rixu Venture Capital. The company will use the proceeds for propulsion-system development, production capacity and market expansion.
The Hangzhou company develops Hall-effect propulsion systems and has demonstrated krypton-propellant products in orbit. It is also developing satellite attitude and orbit-control capabilities and other on-orbit services.
Use of funds
Develop space electric propulsion systems
Expand production and commercial deployment