A pair of Chinese companies recently announced they were teaming up to build a massive new spaceport in Djibouti. If you were like me, you probably wondered: where is Djibouti? And why is China building a spaceport there?

Great questions. Let’s find out.

HONG KONG (Hong Kong Aerospace Technology Group PR) — Hong Kong Aerospace Technology Group Limited (HKATG; 01725. HK) announced its strategic cooperation with the Company and Shandong Institute of Industrial Technology for the construction and operation of the first high-resolution agricultural satellite constellation (”Golden Bauhinia — Qilu Satellite Constellation”) on 4 April.  It is known that the first phase of the project comprising 9 satellites and the first experiment satellite is expected to be launched in July 2022, and the remaining eight operational satellites with 8-band multi-spectral observation capability will be launched in December 2022.

After the news came out, a huge amount of smart money poured into HKATG, its stock soared for 4 consecutive days between 4 April and 8 April. HKATG recorded a four-day gaining streak from its latest low of HK$12.2, in addition to crossing above 10-day and 20-day exponential moving average (EMA), the stock, a new high in three months was made during intraday trading on 8 April. HKATG surged by more than 100% in a few days, and the trading volume moved against the market which up to nearly 800,000 shares, with a capital of HKD 16.83 million involved and an amazing momentum.

HONG KONG, Feb. 24, 2022 (HKATG PR) — HKATG [Hong Kong Aerospace Technology Group Limited ] has successfully launched five satellites for its ”Golden Bauhinia Constellation” in 2021, the aerospace development plan shows no sign of slowing down in 2022.

In January 2022, HKST announced that the Group has planned to launch two satellites named ”Golden Bauhinia Satellite No. 3” and ”Golden Bauhinia Satellite No. 4” in 2022 Q3, with the target launch time tentatively being scheduled in July 2022 and will continue to form and constitute part of the “Golden Bauhinia Constellation”.

At the same time, 25 satellites are planned to be launched in 2022 for the “Golden Bauhinia Constellation”, and the further launch of satellites this year will provide additional aerospace data as well as will boost the speed of receiving aerospace data. It’s worth noticing that “Golden Bauhinia Constellation” is the first-star chain plan of the Hong Kong aerospace industry, the whole project plans to launch 112 satellites.

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.

Chinese commercial launch provider Galactic Energy orbited five satellites on Tuesday, Nov. 7, in the second successful flight of the four-stage Ceres-1 booster. The launch took place from the Jiuquan Satellite Launch Center in the Gobi Desert. The successful flight made Galactic Energy the first private Chinese company to successfully launch an orbital rocket for the second time. Payloads launched on this flight included: Satellite: BaoyunPurpose: Technology demonstration/Earth observationOperator: Spacety […]

HONG KONG (HKATG PR) — On July 25, 2020, China’s Long March-4B carrier rocket was successfully launched from the Taiyuan Satellite Launch Center, and the space exploration satellite named “Lobster Eye X-ray Explorer” was successfully put into orbit. The “Lobster Eye X-ray Explorer” is the first space exploration satellite in the world to apply X-ray technology focusing with lobster-eye optics.

In its design and development process, all participators including the Hong Kong Aerospace Technology Group, Ltd. (HKATG) co-innovated in the basic research, engineering technology and applications to carry out the full-chain, systematic research and development work, which have made great contributions to strengthening China’s independent innovation capabilities in space astronomy, deep space exploration, and space remote sensing, etc.

HONG KONG , April 3, 2020 (HKATG PR) — Hong Kong Aerospace Technology Group (HKATG) announced it aims to launch the “Golden Bauhinia No.1” low-orbit high frequency satellite in June from China . The planned launch marks an important milestone in the company’s “Golden Bauhinia” space remote sensing project.

The rapid development of international commercial aerospace makes it one of the most dynamic industries after the Internet, AI and 5G. According to the US Satellite Industry Association (SIA), commercial aerospace revenue was US$277.4 billion in 2018 and is expected to increase 10 percent per year.