SPACEOK

Established in June 2014, Shanghai Ouke Micro-space Technology Co., Ltd., operating as SPACEOK, is a developer and manufacturer of satellites and related applications. The company operates as a mixed-ownership enterprise and is noted as the sole industrialization company for commercial space satellite manufacturing and constellation operations stemming from the Innovation Academy for Microsatellites of the Chinese Academy of Sciences. The core team at SPACEOK is comprised of professionals from national aerospace entities, with a significant portion holding postgraduate degrees and extensive experience in major national satellite projects.

SPACEOK focuses on the development of satellite communication terminals and platforms for various industries. A key achievement was the launch of the Jiading-1 (also known as OKW-01) satellite on November 19, 2018. This 45 kg microsatellite, based on the company's OKW-Sat-50 platform, was China's first privately designed low Earth orbit (LEO) communications satellite. Jiading-1 served as a prototype for the planned "Xiangyun" constellation, which is designed to provide Internet of Things (IoT) connectivity. The company holds over 60 invention patents and software copyrights related to commercial aerospace satellites.

The firm has secured multiple funding rounds, including a Pre-A round in April 2016, an A round in October 2016, and a B round in January 2017. In March 2021, the company underwent a buyout/LBO and is now considered an enterprise under the Geely Group. Positioned within the commercial aerospace sector, SPACEOK's business model revolves around producing low-cost, high-reliability micro and nanosatellites, designing and managing satellite constellations, and ultimately providing satellite data services. Their service offerings include technical development, transfer, and consulting in aerospace technology, satellite applications, and software technology.

Keywords: microsatellite manufacturing, LEO communications satellite, IoT connectivity, satellite constellation, aerospace technology, satellite applications, Jiading-1, OKW-Sat-50 platform, Xiangyun constellation, commercial space, satellite data services, Geely Group, Innovation Academy for Microsatellites of the Chinese Academy of Sciences, satellite communication terminals, space technology, low Earth orbit, satellite development, private satellite company, aerospace engineering