As the new year commences, China's commercial space sector is donning a fresh visage, with three pivotal terms shedding light on its trajectory of 'rapid advancement'. The inaugural keyword is 'diverse', as a plethora of application scenarios are now flourishing, exemplified by Beidou positioning systems and satellite services. The 'Jilin-1' satellites epitomize this versatility with their multifaceted applications. The second term is 'innovative', signifying a paradigm shift in satellite manufacturing technology, transcending traditional manual approaches. Certain enterprises and facilities have witnessed a substantial upsurge in their production capabilities. The third descriptor is 'fast', highlighting the commercial space industry's value surpassing 2.5 trillion yuan, expanding at an average yearly rate of 20%. The enterprise count has soared past 600, propelling the industry onto an accelerated development pathway. The 'space economy' ecosystem is steadily evolving into a more refined and comprehensive framework.