, officially endorsed in March 2021, also established numerous priorities for achieving development goals they hope to reach by 2035. Among them, the plan called for China to:
“Accelerate the disposition of satellite telecommunications networks and other such novel networks aimed at global coverage, implement the major Beidou industrialization projects, and build application demonstrations and open laboratories. Accelerate the commercial application and integrated innovation of the Beidou system, satellite telecommunications networks, surface and low-altitude sensing, and other such space network infrastructure.
The price point cited by CGTN is clearly meant to be competitive with U.S.-based launch services. On February 16th, Virgin Galactic began taking reservations for the first 1,000 customers, with tickets going for $450,000 apiece . Based on the Space Foundation’s Space Report 2022 Q2, the commercial space sector grew to $469 billion in 2021. This represented an 11% increase from 2020 and a 70% increase since 2010.
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