Spacety reportedly raises $190M
A report says Chinese satellite manufacturer Spacety — sanctioned by the U.S. Treasury in 2023 — has raised roughly $190 million from state‑linked funds and domestic venture capital. The funding was reported as equity financing that followed earlier sanctions (spacedaily.com).
Chinese satellite maker Spacety has reportedly raised about 1.3 billion yuan, or roughly $190 million, three years after the United States sanctioned it. (spacenews.com) SpaceNews reported the money came through multiple equity rounds and will fund satellite manufacturing, data services and an initial public offering plan in China. A separate report described the backers as state-linked funds and domestic venture capital. (spacenews.com) (spacedaily.com) The sanctions date to January 26, 2023, when the United States Treasury added Changsha Tianyi Space Science and Technology Research Institute Co. Ltd., known as Spacety, to its Specially Designated Nationals list. Treasury said blocked parties’ property under United States jurisdiction was frozen and United States persons were generally barred from dealing with them. (federalregister.gov) At the time, United States officials said Spacety had provided synthetic aperture radar imagery orders over locations in Ukraine to Terra Tech, a Russia-based firm, to enable Wagner Group combat operations. Synthetic aperture radar is a kind of space-based imaging that can map the ground through clouds and at night. (spacenews.com) (sanctions-finder.com) Spacety disputed the accusation on January 29, 2023. In a statement, its Luxembourg unit said the company had “never have any ties with Russia at all after international sanctions were imposed” and said its products were for civil and commercial use. (en.spacety.com) The new financing lands as Spacety pushes toward a domestic share sale. Pandaily reported the company signed listing guidance with Guotai Haitong Securities on January 27, 2026, the first formal step in an A-share initial public offering process. (pandaily.com) Spacety says it builds and operates small satellites and satellite-based services, with a business centered on synthetic aperture radar constellations. The company said in January 2024 that it had completed its 18th launch mission and had 30 satellites launched into space. (en.spacety.com 1) (en.spacety.com 2) Pandaily reported in February 2026 that Spacety had completed 21 space missions and launched 38 satellites since its founding, showing the company kept expanding after the 2023 sanctions. The reported $190 million round now puts fresh capital behind that expansion and its listing plans. (pandaily.com)
