Galaxy Space Invests in Beijing Shengfan Technology, a Developer of Flexible Solar Wings for Satellites

36Kr reports that recent business registry changes show Galaxy Space (Beijing) Technology Group Co., Ltd. has become a shareholder of Beijing Shengfan Technology Co., Ltd., holding a 3.5% stake. Established in November 2024, the company is led by Wang Ju with registered capital of 7.524 million RMB and operates in areas including motor and control system development, high-performance fiber and composite manufacturing, and mechanical electrical equipment production. Public records indicate the company specializes in the research and production of flexible solar wings for satellites.