News

Each brief cites its original source and publication time. Facts come from the source; "Our take" is our own judgement and is marked separately.

SectorAll Satellite Broadband Launch Vehicles Space Data & Analytics Satellite Manufacturing Earth Observation

RegionAll China

Satellite BroadbandChinaEvent 18 Aug 2026

SpaceSail completes RMB 6.975 billion capital increase at a valuation of about RMB 50 billion

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.

Source: Sina TechShanghai Spacecom Satellite Technology (SpaceSail)

Satellite BroadbandChinaEvent 20 Aug 2026

MIIT approves Geespace's commercial trial of satellite IoT services, the first private satellite company to receive one

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.

Source: China News ServiceGeespace