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Business trends

China's space-startup boom fueled by government boost

Country looks to tap into growing commercial rocket and satellite sectors

China became the first country to land a probe on the far side of the moon on Jan. 11, indicative of Beijing's reach for the stars. (China National Space Administration/Xinhua News Agency via AP)

TOKYO/HONG KONG -- China is ramping up a campaign to nurture space startups in an attempt to solidify its technological base and grab the lead in the emerging sector of small satellites and low-cost rocket launches.

Among the highest-profile startups is Shanghai-based LinkSure Network. Founded in 2013, LinkSure is trying to build a constellation of 272 satellites by 2026 to provide satellite-based internet service around the world, with the first satellite set for launch later this year. The company's core members come from a Chinese space agency and the central government.

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