Beijing set to launch Satellite Town as China’s aerospace industry grows

InternationalScience & TechnologyBeijing set to launch Satellite Town as China's aerospace industry growsBy Reuters -Apr 19, 2026BEIJING: 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 localization of ​components and the continued injection of capital by ‌industrial ⁠funds, China’s trillion-yuan commercial space market is moving towards standardization 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 support the development of the aerospace industry by fostering industrial clustering and enabling the efficient flow of talent, capital, and technology.