5 companies · 8 news items
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2018 · Shanghai (Xuhui); registered in Zhejiang
20 Aug 2026 MIIT approves Geespace's commercial trial of satellite IoT services
2018 · Shanghai
18 Aug 2026 SpaceSail closes RMB 6.975 billion capital increase at a RMB 50 billion valuation
2021
16 Aug 2026 Long March 12 launches satellite-internet LEO Group 24
1999 · Beijing
04 Aug 2026 Long March 8A launches SatNet's Satellite Internet Low Orbit Group 23; CASC is prime contractor for both rocket and satellites
Beijing
31 Jul 2026 CASIC Rocket Technology renamed Kuaizhou Aerospace, taking the 「航天科工」 sign down
Several commercial space companies and research institutions launched the OpenSpace open-source space ecosystem and an open-source computing constellation plan, which aims to turn satellites into in-orbit space servers. Its first phase plans to launch 2,600 satellites.
Chinese space laser communication unit maker Huanxin Yilian announced a strategic funding round described as on the RMB 100 million scale, alongside large-scale batch delivery of its space-grade laser products. Multiple units launched on the Zhuque-2E Y4 rocket and are operating stably in orbit.
GEOVIS announced on the evening of 15 October that it will set up a company with Sugon, Hygon and 13 other parties to design, build and operate a space computing constellation. Registered capital is planned at RMB 1.5 billion, and Anhui and Hefei state-backed funds would hold about 62.67%.
ADA Space completed an eight-satellite launch from the Dongfeng Commercial Aerospace Innovation Test Zone, placing 8 in-house satellites into a dawn-dusk orbit to test key space computing technologies in orbit.
Beijing Shuzhi Tianji Technology held its opening ceremony on 13 October and launched construction of the Tianzhi constellation. The first phase consists of 96 multi-function software-defined satellites, with basic network deployment planned for around 2029.
China Aerospace Science and Technology Corporation flew a launch of low-orbit communication satellites from the Hainan commercial spaceport; the payload was SatNet LEO Group 27, and the number of satellites was not officially disclosed.
On 20 August MIIT approved Geely-owned Geespace to run a two-year commercial trial of satellite IoT services on phase one of the Geely Future Mobility Constellation — the first such licence for a private company.
Qianfan constellation operator SpaceSail closed a RMB 6.975 billion capital increase; a consortium led by the China Reform Holdings phase-two fund contributed RMB 5.764 billion, valuing the company at about RMB 50 billion.