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 over 60% of all space launches ⁠and a number of companies are ​rushing to go public, Beijing Daily ​said.

- Gao Yibin, head of the Strategic Research Department at Future Aerospace, said 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.

- The Beijing Satellite Town will provide support to develop the aerospace ⁠industry ​by fostering industrial clustering ​and enabling talent, capital and technology to flow efficiently.