Tag: SpaceSail
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SpaceSail, China SatNet and Starlink: Why Satellite Internet Constellations Need So Many Satellites
On the morning of September 16, 2026, the Gravity-1 Y3 rocket lifted off from waters east of Shanghai and placed eight SpaceSail constellation satellites into orbit. China’s Ministry of Industry and Information Technology subsequently announced that 256 SpaceSail satellites had now been launched.[1] The data centers, fiber-optic cables and base stations underpinning terrestrial internet services…
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China’s Private Rocket Sector Breaks Into the Satellite Internet Constellation Launch Market
At 2:26 p.m. on September 15, 2026, the ZhuQue-2E Y7 launch vehicle lifted off from the Dongfeng Commercial Space Innovation Pilot Zone at the Jiuquan Satellite Launch Center, successfully deploying 10 SpaceSail Polar Orbit Group 19 satellites operated by Shanghai Spacesail Technologies into their designated orbits. Unlike previous missions, this launch warrants particular attention for…
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Shanghai Spacecom Secures $1.94 Billion Funding Round, Reaching $6.96 Billion Valuation as China Accelerates Starlink Rival
Chinese satellite internet operator Shanghai Spacecom Satellite Technology (SSST), also known as SpaceSail, has completed a 7 billion yuan ($1.94 billion) Series B financing round, valuing the company at approximately 50.1 billion yuan ($6.96 billion). The funding marks one of the largest capital raises in China’s commercial satellite sector and underscores the country’s determination to…