The firm foresees substantial economic benefits from its entry into the aerospace sector

HONG KONG, Feb. 10, 2022 (HKATG PR) — Hong Kong Aerospace Technology Group, Ltd. (HK: 1725) (HKATG), a leading aerospace firm traded on the Hong Kong stock exchange (HKEx) announced that its wholly owned subsidiary Gang Hang Ke (Shenzhen) Space Technology (“SZ Gang Hang Ke”) has entered into a second satellite launch service confirmation agreement with China Great Wall Industry Corporation (CGWIC), a state-owned enterprise in Mainland China.

Under the agreement, SZ Gang Hang Ke is tentatively scheduled to launch the two satellites, Golden Bauhinia Satellite No. 3 and Golden Bauhinia Satellite No. 4, in July of this year. The continued launching of satellites is expected to speed up the timetable for the completion the Golden Bauhinia Constellation project as well as enhance the operations of the smart city in the process of being rolled out in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA). HKATG plans to launch 25 satellites in 2022.

A Chinese Long March 6 booster launched nine satellites from the Taiyuan Satellite Launch Center on Tuesday at 11:20 a.m. local time in the inaugural flight of a new commercial rideshare program.

Long March 6 placed the following satellites into sun synchronous orbit:

• Origin Space NEO-1 — asteroid mining technology demonstration
• Qilu-1 — synthetic aperture radar
• Qilu-4 — optical remote sensing
• Foshan-1 — optical remote sensing
• Apocalypse Constellation Zero Nine Star — Internet of Things (IoT)
• Golden Bauhinia-1 01 — visible light remote sensing
• Golden Bauhinia-1 02 — visible light remote sensing
• Zhongan Guotong-1 — optical remote sensing
• Tianqi-9 — optical remote sensing

A Chinese Long March 6 booster launched 10 commercial Earth observation satellites for Satellogic of Argentina and three second payloads for Chinese customers on Friday.

The booster lifted off from the Taiyuan Satellite Launch Center at 11:19 a.m. Beijing Standard Time on Nov. 6. It was the fourth Long March 6 launch and the 351st flight of the Long March family of boosters.

BUENOS AIRES, Argentina (Satellogic PR)–Satellogic, the first company to develop a scalable Earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, announced the launch of a new spacecraft from the Guiana Space Center via a launch procured by Spaceflight, Inc.

The satellite, a NewSat Mark IV, was delivered to a sun-synchronous low-Earth orbit on a Vega rocket from Arianespace at 1:51am UTC on September 3, 2020.

The spacecraft is named “Hypatia” after the philosopher, astronomer, and mathematician who lived in Alexandria and was a symbol of learning and science. She was renowned in her own lifetime as a great teacher and a wise counselor and became seen as an icon for women’s rights and a precursor to the feminist movement.

Continuing our look at the U.S.-China Economic and Security Review Commission’s 2019 Report to Congress, we examine China’s growing commercial space industry. [Full Report]

by Douglas Messier
Managing Editor

China is using aggressive state-backed financing to capture increasing shares of the commercial launch and satellite markets, making it more difficult for American companies to compete and threatening to hollow out the U.S. industrial base.

China is also leverage “military-civil” fusion to create a burgeoning commercial space sector by providing substantial state support. Nearly 90 new space companies have been created since 2014, most of which enjoy the support of the Chinese military, defense industrial base, or state-owned research and development institutions.

BEIJING (CGWIC PR) — At 11:26, September 12th, 2019 BJT, the 5-meter Optical Satellite was successfully launched by Long March 4B (LM-4B) launch vehicle from Taiyuan Satellite Launch Center (TSLC), with two small satellites aboard, ICE-PATHFINDER (also known as BNU-1) of Beijing Normal University and Taurus-1 of Shanghai ASES Spaceflight Technology Co. Ltd.

BEIJING (CGWIC PR) — China Great Wall Industry Corporation (CGWIC) today announced a Multiple Launch Services Agreement (MLA) with Satellogic, the world’s first vertically integrated geospatial analytics company. CGWIC will launch 90 of Satellogic’s spacecraft from the Taiyuan Satellite Launch Center. The first launch – scheduled for later this year – will deliver a dedicated payload of 13 of Satellogic’s spacecraft to Low Earth Orbit on a Long March 6 (LM-6) rocket.

Satellogic’s team of world-class data scientists is already leveraging its current fleet of spacecraft to deliver planetary scale insights and solutions for a variety of industries, including agriculture, forestry, oil and gas, and finance and insurance. The 90 spacecraft that Satellogic announced under this agreement will form an Earth Observation Satellite Constellation that will remap the planet at one meter of resolution every week and dramatically reduce the cost of high-frequency geospatial analytics.

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SpaceX Falcon 9 lifts off with a Dragon resupply ship on April 2, 2018. (Credit: NASA)

by Douglas Messier
Managing Editor

SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.

“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.

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The Annual Compendium of Commercial Space Transportation: 2016

Executive Summary

The size of the global space industry, which combines satellite services and ground equipment, government space budgets, and global navigation satellite services (GNSS) equipment, is estimated to be about $324 billion. At $95 billion in revenues, or about 29 percent, satellite television represents the largest segment of activity. Following this is government space budgets at $76 billion, or 24 percent, and services enabled by GNSS represent, about $76 billion in revenues. Commercial satellite remote sensing companies generated on $1.6 billion in revenues, but the value added services enabled by these companies is believed to be magnitudes larger. Because remote sensing value added services includes imagery and data analytics from other sources beyond space-based platforms, only the satellite remote sensing component is included in the global space industry total.

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Space News reports on pricing for the Long March, a family of boosters that has racked up an impressive series of launch successes: The company selling Chinese Long March rockets on the commercial market said Sept. 24 that it is maintaining prices for telecommunications satellite missions at about $70 million, a price it says is backed by a 96 percent success record over 181 flights as of Sept. 23. In […]