CITIC Construction Investment has announced that the global commercial space industry has embarked on a new era, characterized by large-scale development and the construction of a comprehensive ecosystem, with China and the United States at the forefront of this transformative process. In the United States, companies like SpaceX have set global standards in both the commercial and technological realms, leveraging reusable rockets and mega-constellations to revolutionize the industry. Meanwhile, China has spurred structural upgrades within the sector through robust policy support and innovative capital system reforms, exemplified by the introduction of the fifth set of standards for the Science and Technology Innovation Board. As a result, the overall industry valuation in China has surpassed RMB 1 trillion.

Presently, the competitive landscape has shifted from isolated technological advancements to a holistic competition that encompasses the engineering of reusable rockets, the industrialization of satellite manufacturing, and the commercialization of satellite-ground integration. Through collaborative endeavors among state-owned enterprises, central enterprises, and private companies, the industry chain is rapidly acquiring frequency and orbital resources, while simultaneously striving to establish influential standards for the integrated air-space-ground network of the forthcoming 6G era.

Looking to the future, the boundaries of the commercial space industry are poised to expand into a multitude of domains, including space-based computing power and tourism. This expansion will position the industry as a pivotal ecosystem, driving future economic growth and serving as a crucial arena for strategic competition on a global scale.