China launched its 24th group of low-orbit internet satellites into space using a Long March-12 rocket from Hainan province, expanding its satellite network.
Huang Xiaochi, a 73-year-old Chinese entrepreneur, is set to become the 22nd passenger on the domestically developed CYZ1 spacecraft for a suborbital mission in 2028, reaching the Kármán line.
New York City's historic Flatiron Building, completed in 1902, is transitioning from commercial space to luxury residential apartments, with prices reaching $58.5 million. After a seven-year renovation, the iconic landmark will open this fall, featuring 36 units and amenities, despite its controversial past.
Skyroot Aerospace's Vikram-1 rocket successfully completed its maiden orbital mission from India, carrying customer payloads and making India the third country with private orbital launch capability. Analysts emphasize the need for Skyroot to demonstrate regular, cheap, and reliable launches for commercial success.
GalaxySpace, a leading Chinese commercial space company, sees Hong Kong and Macau as crucial strategic hubs for global expansion of China's space sector, leveraging their international networks to complement Beijing's R&D strengths.
Six Hong Kong universities have relocated to office buildings and shopping centers in the last three years due to a shortage of classroom space, driven by increased non-local student enrollment. HKUST acquired a 31,410 sq ft campus in Admiralty for its business school.
Chinese startup Zhiyu Aerospace Technology plans to use supercritical carbon dioxide for rocket launches, aiming for low-cost, high-frequency commercial flights. The technology ejects rockets using high-pressure CO2, igniting engines mid-air to avoid ground platform contact.
China's trillion-yuan commercial space sector lacks comprehensive insurance, presenting an opportunity for Hong Kong, as only third-party liability insurance is mandatory, leaving other critical areas underinsured.
A Washington-based report warns China is rapidly closing the innovation gap with the US in the commercial space sector, backed by strong state support, with projections of the global space economy exceeding $1 trillion in the next decade.
Commercial flight operations at Noida International Airport in Jewar are predicted to significantly boost real estate activity along the Yamuna Expressway. Experts anticipate stronger demand for residential, commercial, and office spaces, enhancing the region's investment appeal.
SpaceX's anticipated IPO is poised to accelerate and reshape the IPO plans of China's commercial space companies, as the US firm leads in reusable rocket technology, a key strategic battleground between the two nations.
John McFall, a British Paralympian and surgeon, could become the first person with a physical disability to live in orbit. The UK government has partnered with US company Vast to fund his potential mission to the Haven-1 space station, launching possibly in 2027.
A Californian company will send French astronaut and Arnaud Prost to the ISS and a new commercial space station via SpaceX capsules, making France and Cnes key partners in commercial space stations.
As the ISS prepares for controlled deorbit around 2030-2031, NASA is shifting to a customer model, funding multiple private companies to build commercial space stations. These new stations aim to foster an orbital economy focused on manufacturing, research, and space tourism, replacing the ISS's governmental cooperation with a business-driven approach.
Vast has revealed a custom two-piece astronaut flight suit for its upcoming Haven-1 space station, marking the first time in over 25 years that commercial astronauts will have tailored attire. Developed with input from former NASA astronauts Drew Feustel and Megan McArthur, the suit features back vents, shoulder gussets, pockets and Velcro for tool storage. The company also certified a custom IWC Schaffhausen watch ($28,200) for spaceflight use.
