When ready, the constellation will have 13,000 satellites in low Earth orbit.
China's attempts to outdo the US in global affairs also extend to space. The country is building its space station, wants to set up a base on the Moon, and is now looking to establish a large constellation for satellite internet codenamed "Guo Wang." Roughly translated from Mandarin, the word means "state network" and will consist of 13,000 satellites in low Earth orbits .
According to estimates, the satellite internet market is expected to reach $22.27 billion by the decade's end at a compound annual growth rate of 13.6 percent. The number of satellite internet users is expected to double to 110 million. Still, for all its popularity, Starlink's market share is a meager 3.5 percent, theThe Chinese government opened the satellite internet market to private players nearly a decade ago.
The project, although led by SatNet, is backed by the State-Owned Assets Supervision and Administration Commission , one of China's largest state-owned enterprises.that is designed to enable high-speed communication between in-orbit satellites and ground stations,then reported. GalaxySpace has also enjoyed financing from the China International Capital Corporation , which the government supports.
As Starlink looks to expand its presence globally, China is preparing to give it a tough fight, something that even private US players have failed to do so far.
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