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BackNationStar Aerospace, the “first space AI stock”, is listed in Hong Kong. Sun Dong: Reflecting Hong Kong’s “dual empowerment” advantages
NationStar Aerospace, the “first space AI stock”, is listed in Hong Kong. Sun Dong: Reflecting Hong Kong’s “dual empowerment” advantages
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中国新闻网12 minutes agoBusiness2 min readChinaView original

NationStar Aerospace, the “first space AI stock”, is listed in Hong Kong. Sun Dong: Reflecting Hong Kong’s “dual empowerment” advantages

Sun Dong attended the listing ceremony and said that the case reflects the "dual empowerment" advantages of Hong Kong's finance and technology

Quick Look

  • Chengdu Guoxing Aerospace Technology Co., Ltd. was listed on the main board of the Hong Kong Stock Exchange on November 13 and signed a cooperation agreement with the Hong Kong Science and Technology Parks Corporation to establish an international headquarters and R&D center in Hong Kong.
  • Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region Government, attended the ceremony and said that the case reflected Hong Kong's "dual empowerment" advantages of finance and technology.

AI-generated summary

Why It Matters

NationStar Aerospace was established in 2018. It will develop and launch the country's first large-scale AI model intelligent computing satellite in 2024 and build the world's first AI intelligent computing satellite constellation consisting of 12 AI intelligent computing satellites in 2025.

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China News Service, Hong Kong, November 13 (Reporter Dai Xiaolu) Chengdu Nationstar Aerospace Technology Co., Ltd. (referred to as "National Star Aerospace"), known as the "first space AI stock", was listed on the main board of the Hong Kong Exchanges and Clearing Limited (referred to as the "HKEx") on the 13th. Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, attended the listing ceremony and said that Nationstar Aerospace has signed a cooperation agreement with the Hong Kong Science and Technology Parks Corporation to establish an international headquarters and R&D center in Hong Kong.

On November 13, Chengdu Guoxing Aerospace Technology Co., Ltd., known as the “first space AI stock”, was listed on the main board of Hong Kong Exchanges and Clearing Limited. The picture shows Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, attending the listing ceremony. (Photo courtesy of the Information Department of the Hong Kong SAR Government)

According to the prospectus, Nationstar Aerospace is a "hard technology" enterprise that deeply integrates artificial intelligence (AI) and commercial aerospace. It focuses on satellites and supporting services and satellite-based solutions. It is a pioneer enterprise in the field of AI satellites. The company is responsible for the design, development, on-orbit operation and management of commercial satellites, and provides customers with customized satellite-based solutions. Different from traditional satellite manufacturing companies, in addition to satellite design, development and operation, Nationstar Aerospace also deploys AI computing power into space and relies on AI satellites to provide customers with on-orbit data processing, intelligent computing and industry application solutions.

Sun Dong said that NationStar Aerospace was established in 2018, developed and launched the country's first large-scale AI model intelligent computing satellite in 2024, and built the world's first AI intelligent computing satellite constellation consisting of 12 AI intelligent computing satellites in 2025. Now it has landed on the Hong Kong stock market, and in less than 10 years, it has demonstrated the development potential of China's commercial aerospace industry with its strength.

Sun Dong said that this case fully reflects Hong Kong's "dual empowerment" advantages of finance and technology, helps enterprises make innovative breakthroughs, and is also in line with the development direction of Hong Kong's first five-year plan to expand aerospace technology applications and other fields. He welcomed more "hard technology" companies to make good use of Hong Kong's "super contacts" and "super value-added people" advantages to open up new tracks and show the world the strong strength and value of the country and Hong Kong's innovation and technology. (over)

What to Watch

AI outlook — possibilities, not facts

  • More "hard technology" companies will take advantage of Hong Kong's "super contacts" and "super value-added people" to list in Hong Kong and open up new tracks.

    Likely · Within months

Open Questions

  • What is the specific issuance price and market value of Nationstar Aerospace?
  • What is the specific timetable for setting up an international headquarters and R&D center in Hong Kong?
  • What exactly does the cooperation agreement with Hong Kong Science and Technology Parks Corporation include?

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This article was originally published by 中国新闻网.

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