ECM

Adaspace (国星宇航) Pre-IPO: First Look

02 Nov 2026 By Ke Yan, CFA, FRM
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Abstract: Adaspace, a commercial aerospace company building AI satellites, has passed the HKEX listing hearing and is seeking a Main Board listing. GTJA is the sole sponsor. We look at the company's core segments: satellite-based solutions and satellites and related services. We then look at the company's financial profile, path to profitability, pre-IPO valuation and investor backing.

JINKO POWER TECHNOLOGY (601778 CH)

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About ECM & IPO Research

Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.

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