25 October 2023, during the 7th Future Investment Initiative (FII), in the presence of over 6000 attending representatives, HE Khalid Al Faih, Minister of Investment, HE Mohammed Al-Tamimi, CEO of Saudi Space Agency, Eng. Saleh Khabti, Deputy Minister of Investment, Eng. Abdulrahman Al-Mazyad, Defense & Space Sector General Manager of MISA and other Saudi government officials jointly awarded the Space Industry Investment License to Mr. Sun Fengquan, Chairman and CEO of ASPACE Satellite Technology Limited (ASPACE).
ASPACE Satellite Technology Limited, as a subsidiary of Hong Kong Aerospace Technology Group, becomes the first space industry company in Saudi Arabia, the first company to obtain the Space Industry and Defense Investment License.
FII was proposed by HH Mohammed bin Salman, Saudi Crown Prince and chaired by the President of the Saudi Sovereign Wealth Fund - Public Investment Fund, with an aim to build a global communication and exchange platform, assess the direction of scientific and technological development, focus on human development, and explore future paths.
TAIYUAN, April 19, China launched six satellites—Shiyan-27 01 to 06—aboard a Long March 6A rocket from the Taiyuan Satellite Launch Center. All satellites entered their planned orbits, marking the mission’s full success.
BEIJING, April 16, 2025 - China has successfully established the world's first three-satellite constellation in distant retrograde orbit (DRO) around the Moon, according to the Technology and Engineering Center for Space Utilization under the Chinese Academy of Sciences.
On April 15, 2025, Christopher Nixon Cox, the grandson of the 37th President of the United States, Richard Nixon, visited USPACE and its satellite manufacturing centre, TT&C centre, and data application center.