FINANCE

China’s Space Insurance Consortium Covers Over $1.4 Billion in Private Launch Risks

Published: Apr. 28, 2026 5:39 p.m. GMT+8

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A private rocket launch in May 2025 sent six satellites into orbit for uses including urban planning, environmental monitoring and weather observation. Photo: VCG

A Beijing-based insurance consortium has provided more than 10 billion yuan ($1.47 billion) in coverage for 25 private commercial space launches in its first year, according to the local financial regulator, underscoring growing financial support for China’s space industry.

The group, established in March 2025 under regulatory guidance, is China’s first co-insurance platform dedicated to commercial aerospace. It brings together insurers and reinsurers to share risks across rocket manufacturing, launch and recovery.

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Beijing insurance consortium provided >10B yuan ($1.47B) coverage for 25 private space launches in first year.
Established March 2025 as China's first co-insurance platform for commercial aerospace risk-sharing.
Issued debris claims manual and project database for standardized operations and data-driven pricing.

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