Breakthrough developments and innovations

Liu Baiqi, founder and CEO of Galactic Energy (Beijing) Space Technology Co Ltd

In 2018, I decided to start my own business and, together with my team, founded a private rocket company. Our target market centers on low-Earth orbit satellites and internet services.

According to industry data, tens of thousands of such satellites are expected to enter space over the next decade, creating enormous demand for rockets as a unique means of space transportation.

Today, we have become the private rocket company in China with the highest number of launches and the best success rate. The country has been placing increasing emphasis on the development of the private sector, with a steadily improving policy environment that has opened up vast opportunities for us.

In the field of commercial aerospace, more and more private companies are joining the industry, collectively fueling the rapid growth of China's commercial space sector.