China commercial aerospace
1. Change of legal representative of China Star Network
Recently, China Star Network completed changes to its industrial and commercial information, and its legal representative was changed from Zhang Dongchen to Gou Ping. Zhang Dongchen has served as the chairman of China Star Network since its establishment in 2021. According to public information, Gou Ping was born in 1973 and previously served as a member of the Party Committee and Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council.
Hello space:
In February 2025, Liang Baojun, the former general manager of China Telecom, took over as the general manager of China Star Network. Until this adjustment, China Star Network completed a new leadership change. The new leadership is expected to bring new development ideas and directions. There are quite a few complaints in the industry about the slow progress of Star Network’s low-orbit satellite Internet constellation networking. We will wait and see whether the new leadership can effectively respond to industry expectations.
2. Another satellite super factory lands in Xiongan
On June 10, Xiongan Aerospace Satellite Super Factory Co., Ltd. was formally established with a registered capital of 200 million yuan. It is wholly owned by Xiongan High-tech Zone Construction and Development Co., Ltd. Its business covers microsatellite manufacturing, microsatellite scientific research and testing, satellite communication services and other fields.
Hello space:
The establishment of the company marks a key step in the layout of the commercial aerospace industry in Xiongan New Area, and is expected to become another aerospace industry highland after Beijing and Shanghai. Previously, the XACR-2025-006 plot of Zangang Group in Xiongan New District was put up for sale, with a planned investment of 1.365 billion to build a large-scale commercial satellite manufacturing base with an annual output of more than 300 satellites.
3. The 4th Remote Sensing·Communication Innovation Conference concluded successfully
On June 13, the 4th Remote Sensing and Communication Innovation Conference hosted by Changguang Satellite concluded successfully in Changchun. It attracted more than 1,200 guests from more than 500 units including the Academy of Engineering and Tsinghua University. The conference focuses on cutting-edge technologies and achievements in remote sensing and communications, promotes high-quality development of the aerospace information industry, and helps build a good aerospace ecosystem.
Hello space:
This conference has established an efficient platform for industry-university-research collaboration in the field of commercial aerospace. It will effectively promote my country’s remote sensing communication technology innovation and industrial integration development, and inject strong momentum into the high-quality development of commercial aerospace.
4. Blue Star Optical Field completed tens of millions of yuan in Series B financing
Recently, the space laser communication company Blue Star Optical Domain completed tens of millions of yuan in Series B financing. The investors in this round are Xiyang Capital and Runyang Optoelectronics Industry Fund jointly established with Zhongrun Optics.
Hello space:
This financing reflects capital’s high recognition of space laser communication technology. With its innovative product design of miniaturization, low power consumption and light weight, Blue Star Optical Domain meets the needs of the rapid construction of national satellite Internet constellations and has obvious technological leadership and market potential.
5. Xinghan Space completed Series A financing
On June 10, “AI+” commercial aerospace company Xinghan Space announced the completion of Series A financing, invested by Huanghai Huichuang.
Hello space:
Xinghan Spacetime focuses on the “AI+satellite” integration direction, which not only conforms to the trend of low-orbit satellite intelligence, but also conforms to the application landing logic driven by data elements. This round of financing not only reflects capital’s recognition of its technology and scenario capabilities, but also reflects that the deep integration of AI and the satellite industry is becoming a new trend in commercial aerospace.
6. Zhilianan completed hundreds of millions of yuan in D+ round of financing
Recently, communications chip company Zhilianan completed hundreds of millions of yuan in D+ round financing. This round of financing was led by the Beijing Commercial Aerospace and Low Altitude Economic Industry Investment Fund.
Hello space:
Zhilian has achieved full product coverage in the two major areas of cellular communication and satellite direct connection, demonstrating strong technology integration and marketization capabilities. This financing not only injects new momentum into its two-wheel drive strategy, but also releases the capital market’s confidence in the implementation of the core technology of “Heaven and Earth Integration”.
7. The Tianlong-3 second-stage rocket arrived at Oriental Spaceport
Recently, the second-stage rocket of Tianlong-3, a heavy-lift rocket owned by Tianbing Technology, was successfully transported to Haiyang Dongfang Space Port in Shandong Province, where a series of preparatory work such as static point tests will be carried out.
Hello space:
As the most powerful liquid rocket in the domestic private sector, the arrival of the Tianlong-3 secondary rocket body marks that its development has entered the key sub-system testing stage, taking another solid step towards the goal of final assembly and first flight.
8. The first-level power system of Lijian No. 2 was successfully tested.
On June 11, China Aerospace Corporation successfully completed the test run of the first-stage power system of the Lijian-2 liquid launch vehicle at the Liquid Power System Test Center in Conghua, Guangzhou.
Hello space:
The successful test run marks the first stage of the key technology of the power system and provides solid power guarantee for the first flight of Lijian 2 in September and the preliminary test of the light boat cargo spacecraft.
international commercial aerospace
1. A large number of “Starlink” satellites fell
According to a report by the Russian media “Komsomolskaya Pravda” on June 8, a large number of SpaceX’s “Starlink” satellites have fallen. From 2020 to 2024, 583 satellites have fallen from extremely low Earth orbit, of which 316 have fallen in 2024. The surge in falls is closely related to the entry of enhanced solar activity.
Hello space:
As the number of low-orbit satellites continues to grow, especially during periods of intense solar and geomagnetic activity, it is necessary to strengthen monitoring and early warning of satellite operating status and improve related prediction capabilities to effectively prevent the risk of in-orbit collisions and the potential threats to the earth’s environment from satellite debris.
2. The American Commercial Aerospace Federation established the “Aerospace Supply Chain Committee”
On June 3, the American Commercial Aerospace Federation established the “Space Supply Chain Committee” (S2C2), which aims to bring together commercial aerospace companies to build a space supply chain around space launch, space exploration and other fields, formulate industry priorities and provide policy recommendations. Its first members include Applied Aerospace, Stratasys, National Air Cargo and others.
Hello space:
The establishment of S2C2 is a key measure for the United States to improve the resilience and collaborative efficiency of the commercial aerospace supply chain. It aims to integrate industry forces to provide stable support for core capabilities such as satellite manufacturing and on-orbit services, and to consolidate its leading position in global space competition.
