The core area of Beijing Satellite Town, being developed as a centre for satellite manufacturers and operators, is expected to be completed in the second half of 2026, state-run Beijing Daily reported on Saturday.

According to the report, commercial launches now account for more than 60 per cent of total space launches in China, with a growing number of companies seeking public listings amid rapid expansion in the sector.

Gao Yibin, head of the Strategic Research Department at Future Aerospace, said the country’s commercial space industry — valued at around one trillion yuan — was moving towards greater standardisation and scale.

He attributed the growth to faster approval processes for launches, increased localisation of components, and sustained capital inflows from industrial funds.

Gao noted that the accelerated development of low-Earth orbit satellite constellations, satellite internet, space-based computing and 6G air-space-ground integration would support continued growth in 2026.

The Beijing Satellite Town project is expected to boost the aerospace sector by promoting industrial clustering and facilitating the efficient flow of talent, capital and technology.