‘China’s SpaceX’ Spins Off Amid Commercial Competition

Executive Summary: In early 2026, the largest recorded equity transaction in the People’s Republic of China’s (PRC) commercial space sector occurred when China Space Sanjiang Group (CASIC Sanjiang; 中国航天三江集团) sold a 29.6 percent stake in ExPace (full name: “CASIC Rocket Technology” (航天科工火箭技术)) to state-owned Wuhan Investment Holdings Group (武汉投控集团). The buyer paid renminbi (RMB) 3.3 […] The post ‘China’s SpaceX’ Spins Off Amid Commercial Competition appeared first on Jamestown.

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