China’s commercial space industry has entered a fast lane. On April 18, the Beijing commercial aerospace industry base was unveiled in Daxing, and 16 enterprises signed an agreement of intent on cooperation at the first Beijing commercial aerospace development conference. Beijing business daily learned from the meeting that in 2021, Daxing District will form the layout and development of the whole industrial chain including commercial rocket R & D on the basis of the industrial base, and will study and issue special support policies for commercial aerospace. With the “space economy” ushering in a critical period of opportunity at home and abroad, how social capital to better participate in commercial space competition has become the first problem to be solved.
Cultivating industrial clusters
“Commercial aerospace is an emerging industry with national key development. It is characterized by technology capital intensive, high degree of industrial integration and strong radiation drive. It is ushering in a critical period of high-speed development. It will integrate with artificial intelligence, big data, Internet and other industries, accelerate the iteration, and cultivate huge potential industrial clusters.” Zhang Jinsong, Deputy Secretary General of Beijing municipal government, said at the meeting.
Beijing commercial aerospace industry base is undertaking the task of industry gathering. According to reports, the base is located in Anding Town, Daxing District, close to Beijing Taiwan expressway, 12 kilometers away from Daxing International Airport, with a total area of about 600 mu. The base will focus on commercial rocket R & D, key parts, system integration and satellite Internet demonstration applications, gather satellite applications, information technology, aerospace materials and advanced energy, aerospace special technology applications and other supporting enterprises, and form a whole industrial chain layout and development. At the same time, the platform for incubation, sharing and innovation of commercial aerospace enterprises should be established to create a good ecological environment for aerospace industry to develop economically, intensively, cooperatively and innovatively.
In addition, the base can enjoy the national, municipal, Zhongguancun and Daxing District “1 + n” series of policies, involving talents, science and technology, sophisticated, finance, listing, Internet and other aspects. Daxing District will study and issue special support policies for commercial aerospace, set up industrial development funds, and accelerate the agglomeration of aerospace industry and talents.
On the same day, Daxing District signed cooperation agreements with 16 enterprises, including Beijing Star glory Space Technology Co., Ltd., Xinghe power (Beijing) Space Technology Co., Ltd., Zhuhai obit Aerospace Technology Co., Ltd., and fireeye Digital Technology Service Co., Ltd.
Jiang Han, senior researcher of Pangu think tank, said in an interview with Beijing business daily, “at present, the whole world attaches great importance to commercial aerospace or aviation technology, and the development of commercial aerospace has become the target of many places. As a gathering place of high-tech enterprises and universities, Beijing undoubtedly has its own advantages in focusing on the development of commercial aerospace. Policies and funds are the embodiment of its multiple advantages.
Commercial space opportunity
In addition to the commercial aerospace industry base, Beijing should also support the construction of Yizhuang commercial rocket innovation center and Haidian “Star Valley” to form a demonstration and leading role, radiate to the surrounding areas, and strengthen the “South arrow and North Star”. At present, the scale of Beijing’s aerospace industry accounts for one-third of the country, and aerospace talents account for half of the country. Among the top 30 commercial aerospace enterprises in 2020 released by research institutions, 16 Beijing enterprises are on the list. Zhang Jinsong said that Beijing has formed an industrial pattern of “South arrow and North Star”.
Looking at the whole country, the competition of commercial space has become increasingly fierce. In April this year, China’s first commercial space launch center was determined to be located in Ningbo, Zhejiang Province. After its completion, it will achieve an annual launch scale of 100 vehicles, which is 2.5 times of the current number of China’s space launches, and the scale of its space supporting industry will reach 100 billion. Not only Ningbo, but also Weihai, Shandong Province, is striving to build an “Oriental space port” with the goal of becoming China’s largest maritime space launch center.
In recent years, a large number of commercial aerospace and satellite network enterprises have been set up, especially some commercial rocket and commercial satellite enterprises at the front end of the industrial chain. It is understood that at present, four private rocket enterprises in China have implemented the launch, and many enterprises have begun to implement their own constellation plan.
Diversified financing is the key
Wu Zhijian, chairman of the China Aerospace foundation, said that the number of domestic private aerospace enterprises is increasing, with more than 300 registered commercial aerospace enterprises, of which nearly 50% have been established in the past three years. In 2020, there will be 39 space launches in China, including 19 commercial launches, accounting for 49% of the total number of domestic annual launches.
Aerospace enterprises are springing up, but the sources of funds for commercial aerospace enterprises are still facing great challenges. According to reports, in 2020, the financing amount of China’s commercial aerospace enterprises will exceed 9 billion yuan, an increase of 76% compared with that in 2019. During the year, large amount of financing transactions and multiple rounds of financing for one enterprise occurred frequently. Blue arrow aerospace and star glory completed financing of 1.2 billion yuan, Changguang satellite completed pre IPO Financing of 2.464 billion yuan, Tianbing technology completed three rounds of financing in a row, and micro nano star completed two rounds of financing in a row. The amount of financing for satellite manufacturing and satellite launch exceeded 400 million yuan, reflecting that the upstream enterprises of the industrial chain have become the pursuit of social capital hotspot.
Jiang Han said that for the development of the whole aerospace industry, commercial development helps to concentrate more capital and has more market development space. “From the perspective of financing, the current commercial aerospace industry is still a high-risk industry. Although the income is also very high, the overall risk is very high. Therefore, in this case, diversified financing is needed. Innovative investment such as venture capital and angel investment is involved, and certain bank investment is also needed to promote the whole industry from the perspective of commercial investment It’s a market development. ” Jiang Han said.
Wang Wei, a first-class inspector of Beijing Municipal Bureau of economy and information technology, said that Beijing will support the establishment of commercial aerospace industry fund, give full play to the role of municipal guiding fund, and support investment institutions to cooperate in the establishment of commercial aerospace special sub fund. At the time of fund liquidation, 20% of the government’s excess return will be given to the management team. Meanwhile, commercial space launch insurance will continue to be implemented % Subsidy policy to support the innovation and development of enterprises.
Beijing Business Daily reporter Tao Feng and LV Yinling
At the time of fund liquidation, 20% of the government’s excess return will be given to the management team. Meanwhile, commercial space launch insurance will continue to be implemented %
% Subsidy policy to support the innovation and development of enterprises. Beijing Business Daily reporter Tao Feng and LV Yinling [the above content is transferred from “Beijing Business Daily website”, which does not represent the view of this website.