The company has established a smart satellite production facility capable of cost-effectively manufacturing about 100 satellites annually, providing solutions for satellite broadband communications, SAR applications, navigation enhancement, spectrum sensing, and optical remote sensing.

Liu Chang, co-founder and vice-president of GalaxySpace, said China's commercial space sector has already achieved remarkable success.

She stated: "We have seen the growth of several enterprises. The commercial space industry has an extensive supply chain, from upstream rocket manufacturing to downstream satellite applications. As one company grows, it drives the development of related sectors; manufacturing, communications, applications, and even big data will undergo significant changes."