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BlueStar Optical Domain (Shanghai) Aerospace Technology Co., Ltd. raised $72 million in a Series C funding round to expand its manufacturing and R&D for laser communication terminals. The funds will support a production line upgrade aiming for 1,000 units annually by 2026, driven by China's Guowang and Thousand Sails satellite constellations.

The company plans to enhance its core components and localization in its supply chain. This investment reflects strong investor confidence in China's growing commercial space sector, coinciding with the country's 15th Five-Year Plan deliberations, which emphasize satellite internet advancements.