How China Is Challenging Elon Musk’s Starlink Satellite Service

In early December, China launched its third batch of low Earth orbit, or LEO, internet satellites for a constellation called Qianfan or “Thousand Sails” as it’s also known. The project aims to rival SpaceX’s Starlink and will be made up of 15,000 satellites. China is also working on two other satellite constellations: Guo Wang and Honghu-3, which have plans to deploy 13,000 and 10,000 satellites respectively. Experts say having its own satellite internet systems will grant China geopolitical influence and national security. But currently, China needs more rockets to launch all if its planned satellites to orbit. Chapters: 00:00 - Introduction 2:21 - Starlink’s competition 4:29 - Ready for liftoff 5:51 - Why build these constellations? 9:44 - Looking ahead Credits: Produced, Shot and Edited by: Magdalena Petrova Animation: Jason Reginato Supervising Producer: Jeniece Pettitt Additional Footage: Getty Images, Reuters Additional Sources: Investopedia, National Space Centre, Congressional Budget Office » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer. Register now and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024: https://cnb.cx/4f4s3rZ Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How China Is Challenging Elon Musk’s Starlink Satellite Service