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How China Is Challenging Elon Musk’s Starlink Satellite Service

DeFi Daily News by DeFi Daily News
December 15, 2024
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In early December, China launched its third batch of low Earth orbit, or LEO, internet satellites for a constellation called Qianfan or “Thousand Sails” as it’s also known. The project aims to rival SpaceX’s Starlink and will be made up of 15,000 satellites. China is also working on two other satellite constellations: Guo Wang and Honghu-3, which have plans to deploy 13,000 and 10,000 satellites respectively. Experts say having its own satellite internet systems will grant China geopolitical influence and national security. But currently, China needs more rockets to launch all if its planned satellites to orbit.

Chapters:
00:00 – Introduction
2:21 – Starlink’s competition
4:29 – Ready for liftoff
5:51 – Why build these constellations?
9:44 – Looking ahead

Credits:
Produced, Shot and Edited by: Magdalena Petrova
Animation: Jason Reginato
Supervising Producer: Jeniece Pettitt
Additional Footage: Getty Images, Reuters
Additional Sources: Investopedia, National Space Centre, Congressional Budget Office

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How China Is Challenging Elon Musk’s Starlink Satellite Service

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Tags: businessChallengingChinacnbccompetitionElonelon muskFalconfinanceinternetInvestinglaunchesMoneyMusksNASARocketsSatellitesatellite internetsatellitesServicespacespace racespacexstarlinkstocksTesla
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