Tag: Beijing
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From “Southern Rockets, Northern Satellites” to Four-District Coordination: Why Has Beijing Become a Hub for Commercial Space?
On September 3, the Beijing Municipal Bureau of Commerce released the Work Plan for the Development of China (Beijing) Pilot Free Trade Zone Linkage Development Areas. The commercial space section presents a more detailed industrial coordination map than the previous “Southern Rockets, Northern Satellites” concept: Haidian focuses on constellation R&D, Fengtai on satellite application services,…
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ISpace Raises $730 Million To Accelerate Reusable Rocket Development
Chinese commercial space company ISpace has raised about 5 billion yuan ($730 million) in a funding round it described as the largest to date for a private aerospace firm in China, as demand for satellite launches surges. The Beijing-based company, formally known as Interstellar Glory Aerospace Science and Technology, said the Series D++ round closed…