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China’s Starlink rival launches new fundraising round, state media says

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Published

June 25, 2026

China’s Starlink rival launches new fundraising round, state media says

China’s low Earth orbit satellite company SpaceSail, widely seen as a ​challenger to Elon Musk’s Starlink, ‌has launched a new round of fundraising, state media Securities Times reported on Monday.

Source: reuters.com , photo by Forest Katsch on Unsplash