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China tech

Chinese satellite operator shoots for June IPO

Move comes as Beijing urges state-owned enterprises to go public

HONG KONG -- The company behind China's space missions will float its civilian satellite operator in June as part of the government's push for state-owned enterprises to tap private capital.

The listing comes as the global space industry is poised for rapid growth, forecast to almost double from roughly $380 billion this year to $720 billion by 2030, according to the Space Foundation, which tracks the global industry.

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