LandSpace Seeks $1 Billion IPO on Shanghai's Star Market Amid Growing Investor Interest in 3D Printing for Space Launch
Chinese space launch company LandSpace has filed for a $1 billion IPO on Shanghai's Star Market, benefiting from recent regulatory changes that allow commercial rocket firms to list without being profitable. The funds will be used to enhance reusable rocket technology and expand capacity, particularly through a partnership focused on metal additive manufacturing. Despite a significant net loss in the first half of 2025, investor interest in 3D printing for space launches remains strong, although funding has become more selective.
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Chinese space launch company LandSpace has filed for an IPO on Shanghai's Star Market, aiming to raise ¥7.5 billion (approximately $1 billion). This follows a rule change on December 26 that allows commercial rocket companies to list without profitability, focusing instead on technical milestones.
Founded in 2015, LandSpace reported ¥36.4 million ($5.1 million) in revenue and a net loss of ¥634.6 million ($88.5 million) in the first half of 2025. IPO proceeds will support reusable rocket technology and capacity expansion, integrating metal additive manufacturing (AM) through a partnership with Bright Laser Technologies.
The company has successfully tested its Zhuque-3 VTVL-1 vehicle. While investors continue to support space launch companies utilizing 3D printing, funding has become more selective, as seen with Rocket Lab's Nasdaq listing in 2021. SpaceX is also advancing in this area, preparing for a potential IPO in 2026.
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