# SAR

China’s Tianyi Eyes A‑Share IPO to Fund Ambitious 120‑Sat SAR Constellation

Tianyi Space Technology has filed for IPO guidance in Hunan as it seeks capital to build a 120‑satellite SAR constellation. The company combines in‑house manufacturing, automated operations and end‑to‑end InSAR services, but faces high upfront costs and a customer base currently dominated by government and state enterprises.