According to the Shanghai Joint Property Exchange, on August 17, Shanghai Yuanxin Satellite Technology Co., Ltd. completed the capital increase project. A total of 18 investors were introduced in this capital increase, with a total capital increase of 6.976 billion yuan, with a total shareholding ratio of 13.94%. Among them, the investors with the largest capital increase were 24 consortia including the National Survey Phase II Collaborative Development Fund Co., Ltd., which invested a total of about 5.764 billion yuan and obtained 11.5167% of the shares. Based on the latest financing amount and shareholding ratio, Kakinobu Satellite is valued at 50 billion yuan. Kakinobu Satellite is the operator of the Thousand Sails constellation. As of July 5, the number of satellites in orbit in the Thousand Sails constellation reached 238.

According to the Shanghai Joint Property Exchange, on August 17, Shanghai Yuanxin Satellite Technology Co., Ltd. completed the capital increase project. A total of 18 investors were introduced in this capital increase, with a total capital increase of 6.976 billion yuan, with a total shareholding ratio of 13.94%. Among them, the investors with the largest capital increase were 24 consortia including the National Survey Phase II Collaborative Development Fund Co., Ltd., which invested a total of about 5.764 billion yuan and obtained 11.5167% of the shares. Based on the latest financing amount and shareholding ratio, Kakinobu Satellite is valued at 50 billion yuan. Kakinobu Satellite is the operator of the Thousand Sails constellation. As of July 5, the number of satellites in orbit in the Thousand Sails constellation reached 238.