GalaxySpace, a private Chinese satellite constellation provider, has finished another round of financing led by JIC Technology Investment on September 16.
On Sept. 5, at 1 p.m. local time, China's commercial rocket startup iSpace launched a sub-orbital rocket into space from the Jiuquan Satellite Launch Center in Xi'an, Shaanxi Province. The successful launch signals the dawn of an era where additional private space companies are authorized to conduct launches.
China's first private satellite named Fengmaniu-1 was launched on February 2, 2018. The owner is Feng Lun, chairman of YuFeng Capital.