On November 27, LinkSure Network, a Shanghai-based mobile Internet service provider, announced in Beijing that it launched the satellite Internet access plan, “LinkSure Swarm Constellation System.” The system, which LinkSure will develop independently, consists of 272 hybrid orbit satellites and will provide satellite communication services and solutions. The first satellite is expected to be launched into space in 2019. The goal will be to provide free satellite Internet service worldwide by 2026. The total investment in the system is estimated at 3 billion yuan (US$ .43 billion).
LinkSure’s satellite team was formally established in 2016. The company currently operates more than 50 satellites in orbit. According to the plan, the first satellite will be assembled and tested in Changzhou, Jiangsu in 2018 and launched by the Long March series of rockets at the Jiuquan Satellite Launch Base Center in 2019. The first batch is expected to include 10 satellites. After the launch of the first satellite, the remaining nine will be launched according to the Long March series rocket launch arrangements. In 2020, the first 10 satellite launches of the constellation system will be completed.
China’s commercial satellite launch service market has been growing at an accelerated pace. In 2014, the State Council announced Document No. 60 to encourage private capital to enter the national civil space infrastructure. Goldman Sachs also expects that, over the next 20 years, the space commercial market will usher in a long-term and high-profit opportunity and its industry scale will grow to trillions of dollars.
Source: The Paper, November 27, 2018