Chinese companies developing reusable commercial rockets will have access to a fast lane for initial public offerings on the tech-heavy STAR market that exempts them from some financial requirements, the Shanghai Stock Exchange said on Friday. Beijing is seeking to address a gap in its space capabilities compared to the United States, which is currently dominant in the ability to return, recover, and reuse a rocket’s first stage, or booster, after it is launched.
The new guidelines build upon previous regulations published in June that made it easier for pre-profit innovative companies to get listed on the STAR market. The fast lane exempts Chinese rocket firms from profitability and minimum revenue thresholds and instead requires them to have met key technological milestones, including one successful orbital launch using reusable rocket technology.
