Recently, Ningbo Commercial Space Development Co., Ltd. was formally registered and launched into operation, boasting a substantial registered capital of 1 billion yuan. The scope of the company's business endeavors encompasses a wide array of activities, including technical services for civil space launches, research and development of rocket control systems, as well as the measurement, operation, and control of microsatellites. Additionally, the company is engaged in scientific research and testing services. This new entity is a collaborative effort, jointly established by Ningbo Development & Investment Group Co., Ltd. and Ningbo Xiangbao Cooperative Zone Investment & Development Co., Ltd.
