Orienspace achieved a significant milestone on September 16, when its Gravity-1 Y3 rocket, named Qianfan Quanshun, launched from the East China Sea at 6 a.m. Beijing time. The rocket successfully deployed eight satellites for the Qianfan constellation network, along with one EUHT wireless communications technology test satellite, into their designated orbits, according to KrASIA.
This launch represents a key step in expanding space-based communication infrastructure, with the Qianfan constellation aiming to enhance network coverage. The addition of the EUHT satellite supports ongoing development in wireless communications technology testing.
For Japanese investors and markets, this development highlights the growing momentum in Asia's private space sector, potentially influencing related equities and technology investments in the region.