Legend Capital, a VC&PE investor, led a $1.54bn funding round in GalaxySpace, a commercial micro-satellites developer. "This round of financing will be mainly used for the R&D of satellite Internet-related technologies and the development of commercial applications. GalaxySpace will accelerate the R&D of core technologies such as stackable flat panel satellites, flexible multi-beam phased array technology, flexible solar wings, digital processing payloads, etc., and also the construction of mass-producing low-cost satellites. Step by step, we will move forward to the 6G era of the Internet of Everything," Xu Ming, GalaxySpace Founder, Chairman and CEO.