The core area of Beijing's Satellite Town, designed as a hub for satellite manufacturers and operators, will ⁠be completed in the second half of 2026, state-owned media Beijing Daily reported on Saturday.

Commercial launches now account for more than 60 percent of all space launches and a number of ⁠companies are rushing to go ⁠public, the newspaper said.

⁠Gao Yibin, head of the strategic research ⁠at Future Aerospace, ‌said that – with the acceleration of launch approvals, the localisation ‌of components and the continued injection of capital by ⁠industrial funds – China's trillion-yuan commercial space market is moving towards standardisation and scale.

“The accelerated implementation ‌of scenarios such as low-Earth orbit constellation networking, satellite internet, space computing power and 6G air-space-ground integration suggests sustained ⁠growth ‌is expected in 2026,” ‌said Gao.

Beijing's Satellite Town will provide the ‌support to develop the aerospace industry by fostering industrial clustering and enabling talent, capital ⁠and technology to flow efficiently. (Reuters)



Edited by Thomas McAlinden