Qianfan (Spacesail)

BPrivate (state/municipal-backed)Founded 2018🇨🇳Shanghai, China
CEO

Dr. Jason Zheng (President)

Data verified as of Jul 18, 2026

Summary

Qianfan (千帆, also branded internationally as SPACESAIL) is China's first commercial LEO mega-constellation to enter formal network deployment. Operated by Shanghai Spacesail Technologies, the program launched its first batch in August 2024 and reached 200 satellites in orbit on June 5, 2026 after back-to-back Long March 6A and Long March 8 missions placed 18 satellites each into polar orbit. The company is targeting a 324-satellite initial network for regional broadband coverage by July 2026, with a longer-term roadmap toward a 1,296-satellite Phase 1 and an eventual constellation of more than 15,000 satellites for global coverage by 2030. Standardized flat-panel satellites are now produced for roughly 10 million yuan each — a reported cost reduction of over 96%.

Main Products

Qianfan Constellation

Qianfan Constellation

In Development

China's first commercial LEO mega-constellation in formal network deployment. The system is being built in phases: a 324-satellite initial network for regional coverage, a 1,296-satellite Phase 1, and a long-term total of more than 15,000 satellites for global coverage by 2030. Two July 2026 batches — a Long March 6A (18 satellites) on July 4 and a Long March 8A carrying 20 satellites (the largest group to date) on July 5 — lifted the network to 238 spacecraft in orbit; primary deployments continue in 18-to-20-satellite batches on Long March 6A, 8/8A alongside the new Long March 12B.

238 satellites are in orbit after 14 batch launches (through the July 4–5, 2026 deployments). The near-term objective is a 324-satellite initial network for regional broadband coverage by July 2026, building toward a 1,296-satellite Phase 1.

Satellites in Orbit238
Initial Network Target324 satellites by Jul 2026
Phase 1 Network1,296 satellites
Planned Total15,000+ satellites
Deployment Cadence18–20 satellites per launch

What's Next

Reach 324 satellites for initial regional coverage

Continue the deployment push toward a 324-satellite initial network, which management frames as the threshold for initial regional broadband coverage, targeted by July 2026. With 238 satellites in orbit after the July 4–5 batches, roughly 5 more batch launches are still needed to hit that mark.

Jul 2026

Complete the 1,296-satellite Phase 1 network

Scale from the initial regional network toward the 1,296-satellite Phase 1 deployment that underpins sustained broadband service.

Post-2026

Scale toward a 15,000-satellite global network

Expand beyond Phase 1 into the long-term megaconstellation buildout aimed at more than 15,000 satellites for global coverage by 2030.

2030

Recent News

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Operations & Revenue

StatusActive

238 satellites are in orbit after two July 2026 batches — a Long March 6A (18 satellites) on July 4 and a Long March 8A (20 satellites, the largest group to date) on July 5 — resumed deployment following back-to-back June launches that first crossed 200. Ground control infrastructure is in place, SSST is now beginning maritime Automatic Identification System services, and SPACESAIL is targeting a 324-satellite initial network for regional broadband coverage by 2026.

Revenue Streams

Broadband Internet Services

Low-latency satellite broadband services for consumer, enterprise, and industry connectivity, in China and increasingly abroad. Spacesail has secured Brazilian regulatory approval to begin service, established a Kazakhstan subsidiary, and run successful in-country tests in Malaysia, Mongolia, and Kazakhstan, targeting initial international commercial service around Q4 2026.

Telecom Wholesale, D2D, and IoT Solutions

Operator-partnered LEO services including direct-to-device communications, satellite-based IoT, and wholesale connectivity for regional telecom markets — pursued through partnerships such as the Measat agreement to bring Qianfan services to Malaysia and Southeast Asia, plus early maritime Automatic Identification System services enabled at the 200-satellite threshold.

Key Metrics

Employees

Not publicly disclosed

Est. Annual Revenue

Pre-revenue / pre-commercial at scale

Satellites in Orbit

238

Initial Network Target

324 satellites by Jul 2026 (regional coverage)

Phase 1 Target

1,296 satellites

Planned Constellation

15,000+ satellites (global coverage by 2030)

Per-Satellite Cost

~10M yuan (−96%)

Disclosed Funding

6.7B yuan (~$930M) Series A — largest single round by a Chinese satellite venture; new 2026 capital increase underway

Timeline

2026Ninth batch lifts total to 162; 2026 coverage push underway

A Long March 8 launches another 18-satellite batch on May 17, 2026, bringing the constellation to 162 satellites in orbit. Management says Qianfan is targeting 324 satellites in orbit and initial global coverage during 2026.

2026Tenth batch rides Long March 12B maiden flight to 164 satellites

CASC's new partially reusable Long March 12B carries the 10th Qianfan batch — two Genesat-built satellites — to LEO from Jiuquan on June 1, 2026, bringing the constellation to 164 satellites in orbit and validating a second commercial launcher for the buildout alongside Long March 6A/8.

2026Back-to-back launches push constellation past 200 satellites

Two batches of 18 satellites fly within 19 hours: a Long March 6A from Taiyuan at 11:39 UTC on June 4, 2026 followed by a Long March 8 from Wenchang at 06:34 UTC on June 5. The 11th and 12th deployments take Qianfan to 200 satellites in orbit, the threshold SSST says is enough to begin offering maritime Automatic Identification System services.

202613th and 14th batches lift constellation to 238 satellites

After a launch pause, deployment resumes with two batches in two days: a Long March 6A carries 18 Genesat-built satellites into near-polar orbit from Taiyuan on July 4, 2026 (13th group), followed by a Long March 8A lofting 20 CAS-built satellites — the largest Qianfan group to date — from Wenchang on July 5 (14th group). The back-to-back missions bring the constellation to 238 satellites in orbit.

2025Sixth batch launched; constellation reaches 108 satellites

Deployment continues through 2025, culminating in the sixth 18-satellite batch launched on October 17, 2025. The mission brings Qianfan/SPACESAIL to 108 satellites in orbit.

2024First 3 batches launched — 54 satellites in orbit

Batch 1 (18 satellites) launches on August 6, 2024 aboard a Long March 6A — the first deployment. Batch 2 follows on October 15 and Batch 3 on December 5, 2024. All launches successful, bringing the total to 54 satellites.

2023Program announced via Shanghai Action Plan

The Shanghai Municipal Government announces the Qianfan constellation as part of its industrial action plan. Shanghai Spacecom Satellite Technology (SSST) begins assembling the first flat panel satellites in December 2023.

Funding

RoundDateAmountInvestorsSource
Series AFeb 20246.7B yuan (~$930M)National Manufacturing Transformation and Upgrading Fund-led syndicate including Shanghai Alliance Investment, Shanghai Guosheng Capital, Hengxu Capital, CASSTAR, and others
Series A+Dec 2025UndisclosedShangchuang Xinde Investment, Meilanhu Investment, Xinding Capital, and Xinwei Group
2026 capital increase (in progress)Mar 2026 (announced)Undisclosed (fundraising underway)New investors sought via a capital increase to fund the Qianfan buildout; SSST is controlled by the Shanghai municipal government