SpaceSail aims to launch 10,000 satellites by 2030

China's state-backed SpaceSail, operator of the Qianfan constellation, plans to grow its fleet to 10,000 satellites by 2030, roughly matching Starlink's current count. It has only a few hundred first-generation satellites now, offering up to 20 Mbps to a phone, and raised 7 billion yuan ($1 billion) in August 2026 at a 50 billion yuan ($7.4 billion) valuation.

• SpaceSail targets 10,000 satellites in orbit by 2030
• Raised 7 billion yuan ($1 billion) in August 2026 at a $7.4 billion valuation
• First-generation satellites deliver up to 20 Mbps to a smartphone
• State-backed GuoWang plans a 13,000-satellite constellation