China’s giant Spacesail constellation seeks more funding
Spacesail, one of the largest of China’s planned constellations designed to compete with Starlink, is now seeking more funding to build its full constellation of 10,000 to 14,000 satellites.
Shanghai Spacecom Satellite Technology, or SpaceSail, a satellite communications company developing a massive constellation known as “Qianfan,” disclosed plans to bring in new investors through a capital increase, according to a notice published on the Shanghai United Assets and Equity Exchange.
At present, this Chinese pseudo-company has launched only 119 out of the constellation’s first phase of 648 satellites. While it has gotten Airbus to sign a contract to use its constellation on its airplanes, it also appears to be somewhat cash poor, having only about $150 million on hand (much of it government funding), and is not going to meet its international licensing requirement to get those 648 satellites in orbit by the end of this year.
This new funding round announcement suggests it is in need of capital, and is having trouble getting the Chinese government to cough up the additional funds.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Spacesail, one of the largest of China’s planned constellations designed to compete with Starlink, is now seeking more funding to build its full constellation of 10,000 to 14,000 satellites.
Shanghai Spacecom Satellite Technology, or SpaceSail, a satellite communications company developing a massive constellation known as “Qianfan,” disclosed plans to bring in new investors through a capital increase, according to a notice published on the Shanghai United Assets and Equity Exchange.
At present, this Chinese pseudo-company has launched only 119 out of the constellation’s first phase of 648 satellites. While it has gotten Airbus to sign a contract to use its constellation on its airplanes, it also appears to be somewhat cash poor, having only about $150 million on hand (much of it government funding), and is not going to meet its international licensing requirement to get those 648 satellites in orbit by the end of this year.
This new funding round announcement suggests it is in need of capital, and is having trouble getting the Chinese government to cough up the additional funds.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News