On February 2, 2026, Spacety Technology Co., Ltd. (also known as Spacety Research Institute), a prominent player in the commercial satellite sector, officially registered for IPO tutoring with the Hunan Securities Regulatory Bureau, appointing Guotai Haitong Securities as its辅导机构 (tutoring agency). For clarity, in this context, "IPO tutoring registration" refers to the preparatory phase where a company, under the guidance of a securities firm, readies itself for an Initial Public Offering. Founded on May 18, 2015, by Yang Feng and headquartered in Changsha, Hunan, Spacety Research Institute stands out as China's pioneer commercial aerospace company specializing in SAR (Synthetic Aperture Radar) remote sensing satellites. In 2025, the company underwent a joint-stock transformation and officially adopted the name Spacety Technology Co., Ltd. in December of that year. To date, Spacety Research Institute has successfully launched a total of 38 satellites and accomplished 21 space missions.