$SPCX
Although this commercial space company is registered in Wuxi and is jointly built with Lianyungang, it is most likely because these two cities are paired up for north–south industrial assistance. Wuxi itself has reasons to be a front-runner in China’s commercial space industry, such as companies like Blue Arrow.
However, Lianyungang itself is not really a place well suited for building a launch site. In China today, many areas are constructing all kinds of space-industry parks and launch facilities—this is also a very typical case of everyone rushing in at once.
Of course, when people face this kind of situation, they often cite cases like new energy vehicles and the photovoltaic industry, arguing that even if there is overinvestment, it still helps drive industry development. But different industries cannot be compared in parallel. The new energy and PV sectors themselves have a very deep “user base,” with a significant number of overseas users as well. In addition, when these industries were developed with various subsidies, the government finances were much more abundant.
Commercial space in China is completely different. On one hand, due to the Wolf reason, the international market is roughly nonexistent. On the other hand, it also has to compete with powerful national teams within a domestic “pool” that is already limited.
In that scenario, repeating the construction is likely to result in a local mess
Although this commercial space company is registered in Wuxi and is jointly built with Lianyungang, it is most likely because these two cities are paired up for north–south industrial assistance. Wuxi itself has reasons to be a front-runner in China’s commercial space industry, such as companies like Blue Arrow.
However, Lianyungang itself is not really a place well suited for building a launch site. In China today, many areas are constructing all kinds of space-industry parks and launch facilities—this is also a very typical case of everyone rushing in at once.
Of course, when people face this kind of situation, they often cite cases like new energy vehicles and the photovoltaic industry, arguing that even if there is overinvestment, it still helps drive industry development. But different industries cannot be compared in parallel. The new energy and PV sectors themselves have a very deep “user base,” with a significant number of overseas users as well. In addition, when these industries were developed with various subsidies, the government finances were much more abundant.
Commercial space in China is completely different. On one hand, due to the Wolf reason, the international market is roughly nonexistent. On the other hand, it also has to compete with powerful national teams within a domestic “pool” that is already limited.
In that scenario, repeating the construction is likely to result in a local mess
