Chinese rocket maker LandSpace aims to raise 7.5 billion yuan (US$1 billion) from an initial public offering (IPO) in Shanghai, after becoming the first home-grown aerospace firm to have its listing application accepted via a fast-tracked process.
The Beijing-headquartered company, regarded as a challenger to Elon Musk-led SpaceX, said its listing aimed to “actively respond to national strategic plans and urgent market demands”, according to its prospectus.
The Shanghai Stock Exchange (SSE)…