Shanghai bourse fast-tracks STAR IPOs, reusable rocket firms need one orbital success

The Shanghai Stock Exchange said companies building reusable launch vehicles can list on the STAR Market without profit or revenue thresholds if they have one successful orbital mission. LandSpace's Zhuque‑3 reached orbit earlier in December but its booster was not recovered; the firm received 900 million yuan in December 2024 and filed in late July ahead of a possible early‑2026 IPO.