• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

2

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

3

Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest

1

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

2

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

3

Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
Space race

China Aiming to Establish a Power Station in Space by 2025

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
February 18, 2019, 5:12 AM ET
Airshow China 2018 - Day One
A full-scale replica of China's space station core module Tianhe on display at Airshow China 2018 on November 6, 2018. China News Service/VCG via Getty ImagesChina News Service/VCG via Getty Images
Add Fortune on Google for similar content.

China’s space ambitions are shifting into a higher orbit.

Following its successful and world-beating trip to the far side of the moon, China is preparing to build a solar power station in space, as the world’s No. 2 economy strives to burnish its superpower credentials. With an $8 billion annual budget for its space program, second only to the U.S., China is seeking to compete with its rival for economic, military and technological dominance.

Scientists have already started construction of an experimental base in the western Chinese city Chongqing. Initially, they plan to develop a smaller power station in the stratosphere between 2021 and 2025, a 1 megawatt-level solar facility in space by 2030, and eventually larger generators, according to the state-backed Science and Technology Daily.

Here’s what China’s been doing in space:

Moon Exploration

The nation’s space scientists successfully landed a lunar probe on the far side of the moon on Jan. 3, capping a series of missions and giving a boost to China’s ambitions. Landing on the unexplored region will enable Chang’e-4, the rover named after the mythical Moon Goddess, to better study the moon because of the lack of electromagnetic interference from Earth. The vehicle is equipped with a low-frequency radio spectrometer to help scientists understand “how the earliest stars were ignited and how our cosmos emerged from darkness after the Big Bang,” according to China’s official Xinhua News Agency.

Green Shoots

Reminiscent of the 2015 science fiction film “The Martian” starring Matt Damon, China’s lunar mission is also testing if the barren moon can support life. Pictures sent back from Chang’e-4 last month showed the first green leaf from cotton seeds nine days after the experiment was initiated, according to Chongqing University, which led the biological project. The test load on the mission carried cotton, canola, potato, yeast and fruit fly.

More Missions

China has more such missions in the pipeline. Four more versions of the Chang’e probe are in the offing, with at least two of them planned for a landing on the moon’s south pole, according to Wu Yanhua, vice administrator of the China National Space Administration. The agency will also explore setting up a research base on the moon. A Mars probe is likely by the end of this decade.

Space Station

China aims to build its own space station around 2022. Dubbed Tiangong, or Heavenly Palace, it will have a core module and two other modules for experiments, altogether weighing 66 tonnes and able to carry three people, with a designed life cycle of at least 10 years. The facility would be used for scientific research in a dozen areas including biology, physics and material sciences.

Private Rockets

President Xi Jinping has loosened the government’s monopoly on space launches, fueling the formation of small domestic companies with dreams of challenging companies such as Elon Musk’s Space Exploration Technologies Corp., Jeff Bezos’s Blue Origin and Richard Branson’s Virgin Galactic. The startups are receiving funding from China-based venture capitalists and private equity investors and can also rely on the expertise of rocket scientists from China’s space program.

GPS Challenger

Taking its rivalry with the U.S. to the heavens, China is spending at least $9 billion to build a navigation system and cut its dependence on the American-owned GPS — whose satellites beam location data used by smartphones, car navigation systems, the microchip in your dog’s neck and guided missiles. And, all those satellites are controlled by the U.S. Air Force, making the Chinese government uncomfortable. So, it has developed an alternative called the Beidou Navigation System, which eventually will provide positioning accuracies of 1 meter (3 feet) or less with use of a ground support system.

Space Junk

The Asian power is developing sophisticated space capabilities such as “satellite inspection and repair” and clearing up orbiting junk — “at least some of which could also function” as weapons against U.S. satellites, the U.S. Defense Intelligence Agency said this month. China’s Foreign Ministry has said the U.S. allegations were “groundless.”

About the Author
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Current ARM mortgage rates report for July 17, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for July 17, 2026
By Glen Luke FlanaganJuly 17, 2026
1 hour ago
Current refi mortgage rates report for July 17, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for July 17, 2026
By Glen Luke FlanaganJuly 17, 2026
1 hour ago
Mortgage rates today, July 17, 2026
Personal Financemortgages
Mortgage rates today, July 17, 2026
By Glen Luke FlanaganJuly 17, 2026
1 hour ago
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
Healthchief executive officer (CEO)
How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
By Phil WahbaJuly 17, 2026
1 hour ago
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
LawData centers
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
By Marco Quiroz-GutierrezJuly 17, 2026
1 hour ago
Trump sits in the Oval Office, speaking and gesturing with both his hands.
EconomyTariffs
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
1 hour ago

Most Popular

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
2 days ago
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
2 days ago
Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
Politics
Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
By Matthew Daly and The Associated PressJuly 16, 2026
20 hours ago
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
Big Tech
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
By Mia OsmonbekovJuly 16, 2026
13 hours ago
JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
Success
JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
By Preston ForeJuly 16, 2026
17 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.