HELSINKI — Launch firms Space Pioneer and Galactic Energy are the latest China’s commercial space companies to move toward IPOs, amid a surge of investment.

Galactic Energy, full name Beijing Galaxy Power Aerospace Technology Co., Ltd., officially launched its listing guidance Oct. 22, Chinese language tech outlet 36Kr reported , marking the first steps towards an initial public offering (IPO).

The move comes on the back of serious funding. The company has raised more than 5 billion yuan ($700 million) since its founding in 2018, with nearly half of this secured in September via a $336 million Series D funding round.

Galactic Energy also released Oct. 22 a mission patch for the first launch of its Ceres-2 solid rocket — a larger launcher than the Ceres-1 with which the company has

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