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Voyager Space Holdings has completed its acquisition of a majority stake in
X.O. Markets and its largest subsidiary
Nanoracks, the company announced May 10. The deal was first announced in December 2020. Financial terms of the deal were not disclosed, but Voyager said it plans to put growth capital into the business.
Nanoracks offers satellite deployment solutions and has launched more than 1,000 projects to the ISS. Last year, the company launched Bishop Airlock, the first commercial, permanent addition to the ISS on
SpaceX’s CRS-21 mission. Nanoracks is also working on its Outpost Program, to own and operate commercial space stations in the future.
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The Place Holdings Land Site at Mount Yuntai Tourism Township Revalued at RMB 481 Million, a Substantial Increment in Value of 329%
- Prior to the change in zoning, the land site was valued at RMB 112 million as at 30 September 2020
- The zoning of the land site has been changed from commercial to residential with effect from 23 March 2021 that allows the property to be marketed to a wider group of property buyers that also include individuals
- With the change in zoning to residential, the land-use rights assigned to the land has been increased from its existing 40 years to 70 years
- The Group intends to develop residential properties at this site that cater to the demand for quality accommodations from growing tourism and wellness trends in China
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