Yet another new Chinese launcher start-up has been revealed and put into the spotlight this week: Space Transportation (which is a rough translation of its Chinese name: 凌空天行). The company was actually founded back in August 2018, but had been keeping a low profile ever since. However last Thursday, Source Code Capital (源码资本) published on its WeChat official account that “it had provided Space Transportation … Continue reading Space Transportation (凌空天行), yet another Chinese launcher start-up entering the NewSpace race
Introduction Chinese space has been a very hot topic in recent years. Other than the impressive space exploration missions (Tiangong, Chang’e…), the interest for China is also due to the recent opening up of this industry to private investments, which has led to a leap in the number of space start-ups. These start-ups, supported by venture capital heavy-weights are covering the entire space industrial chain: … Continue reading China’s NewSpace: Mapping of its 60+ Start-ups
This blog post aims at giving an in-depth review of the Chinese airline industry, within the “Industry Overview” article series. It covers the historical background of Chinese civil aviation and draws a portrait of current airline landscape dynamics. A second article will follow on Chinese airline fleets and alliances. The Airline Industry in China: a History Excluding the pre-1949 Republican era, the development of the … Continue reading A Portrait of the Chinese Airline Industry in 2019 (Part 1/2): a Historical Perspective
2018 has been a crazy year for Chinese commercial space, and 2019 promises to be even crazier. iSpace raised 110 million RMB on January 3 , Minospace raised an estimated 20 million RMB on January 15  , and as I am writing these lines (26/01/2019), Changguang Satellite (CGSTL) just raised a whooping 250 million RMB in an angel round . This has literally smashed … Continue reading FutureAerospace’s China Commercial Space Investment Report 2018: Highlights
Essential Capital (a.k.a 元航资本 in Chinese) is a Chinese VC firm founded in 2015 and based in Beijing. Essential Capital considers itself an early-middle stage investor, with a major focus on “hard tech”. As an early mover within the VC world into the burgeoning Chinese space industry, the company’s founders gave some interesting insights on the topic in an interview to the Chinese media Iyiyou … Continue reading Interview with Essential Capital (元航资本) on the Perspectives of Commercial Space in China
Introduction China’s history with space is essentially that of large state corporations, even to this day. Until very recently, almost all of China’s space industry could be linked to just two state conglomerates: CASC (China Aerospace Science and Technology Corporation), and CASIC (China Aerospace Science and Industry Corporation). The year 2014, however, marked a radical change of mindset. At a State Council executive meeting, Premier … Continue reading China’s New Space: a deep dive into the world’s fastest growing commercial space industry
I sometimes read in (non-specialized) media that the C919 single-aisle aircraft currently under development by Chinese manufacturer COMAC is just an “empty shell”. The idea conveyed here is “since most aircraft systems come from foreign companies, it means that China doesn’t get the credit for building the aircraft”. In a nutshell, they are saying that the C919 “isn’t really Chinese”. I actually sometimes get that … Continue reading Airbus A320, Boeing 737, COMAC C919: where do the suppliers come from?