On March 31, the Shanghai Stock Exchange formally accepted the initial public offering (IPO) application of CAS Space Technology Co., Ltd. for listing on the STAR Market. The company aims to raise 4.18 billion yuan to support the development of cost-effective, reusable large-scale launch vehicles, carrier rockets, spacecraft, and related products. Specializing in the research, development, production, and launch services of medium-to-large commercial rockets, CAS Space is also diversifying into emerging sectors such as in-space manufacturing, scientific experiments, and space tourism.
