What Happened
Beijing's 400 Private Space Companies Challenge Western Dominance
China’s private space industry has grown exponentially since 2014, with over 400 companies now operating in the sector. The growth of this industry is largely driven by private investment and innovation, with companies such as LandSpace and i-Space achieving notable milestones. According to Fortune, the Chinese government has also played a role in supporting the sector through subsidies and investments, which has helped to drive growth and competition.