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News 2026-06-30 16:17 UTC

China's State-Backed Starlink Challenger Reportedly Seeks Fresh Capital

The Shanghai-based satellite company is raising fresh capital for its Qianfan network in one of several Chinese efforts to build state-controlled low orbit broadband systems Key Takeaways: SpaceSail is seeking up to 15 billion yuan to expand its Qianfan constellation, with a structure that keeps the company in state co