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#News(General) [ via IoTForIndiaGroup ]
Among the highest-profile startups is Shanghai-based LinkSure Network. Founded in 2013, LinkSure is trying to build a constellation of 272 satellites by 2026 to provide satellite-based internet service around the world, with the first satellite set for launch later this year. The company’s core members come from a Chinese space agency and the central government.
Space startups are burgeoning as China embarks on a strategy of military and civilian cooperation initiated by President Xi Jinping in 2015. The small satellite market is an especially attractive target for them, having become more accessible as rockets and satellites grow smaller and smarter. U.S. companies such as OneWeb and SpaceX are already planning to deploy thousands of small satellites to blanket the Earth with broadband connectivity.“Chinese startups have a competitive edge because of the help they receive from the government in the form of technology transfers and financial support,” said Nobutaka Komatsu, an independent investment analyst. Komatsu questions the Chinese space sector’s ability to win orders outside China due to security concerns, but says companies will be supported by the large domestic market and could expand into nations aligned with Beijing.
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