Shanghai Spacecom Satellite Technology, a space tech startup backed by the Shanghai municipal government, has raised RMB 6.7 billion ($943 million) to fund the construction of a low-orbit satellite constellation that will provide broadband access to the internet, reports Caixin. The Series A funding round was led by Shanghai Alliance Investment, an investment fund backed…
BEIJING, Feb 1 Shanghai municipal government-backed Shanghai Spacecom Satellite Technology (SSST) has raised 6.7 billion yuan (RM4.5 billion) for the construction of a.