Hong Kong Aerospace Technology Group Limited has recently announced that it has entered into a cooperation agreement with Haixing Guanglian Technology (Shenzhen) Co., Ltd, a company principally engaged in the Starlink benchmark and satellite laser communication technology. The two parties will cooperate in the development of commercial satellites, including carrying out in-depth cooperation in areas such as satellite payload carriage and application, recoverable satellite technologies, satellite development, and manufacturing to capture the 6G global communication interconnection market in the future. On 28 September, HKATG made another announcement, disclosing that a memorandum of understanding (MOU) had been entered into with Italian space logistics leader, D-Orbit S.p.A. ('D-Orbit') for cooperation in manufacturing and satellite technology, gaining business territory from the East to the West to capture the market share of low-orbit satellites industry which may reach USD 308.3 billion.

Under the MOU, HKATG will provide satellite and payload launching services to D-Orbit, tentatively manufacturing 20 satellites per year and assisting D-Orbit in developing the Asia market, while D-Orbit will provide the Group with the D-Orbit cloud platform to assist in satellite launching and deployment services through its orbital transfer vehicle. The MOU is valid for one year and the strategic partnership will remain in place until either party gives written notice. In other words, for at least the next year, HKATG will achieve a stable positive cash flow, which is expected to drive revenue in the 2022/23 FY, creating a tailwind for investors.