Star Atlas Control Strengthens Space Traffic Management and On-Orbit Services

With the strategy of high-quality development of commercial aerospace being pushed forward in depth, the Beijing Stock Exchange and the New Third Board have been actively connecting with industry resources, gradually forming industrial clusters that cover key links. In this industrial landscape, Xingtu Measurement and Control has anchored itself to “strengthening the chain and filling in the gaps,” focusing on two strategic directions—space traffic management and on-orbit services—and is one of the representative companies.

At a recent 2025 annual performance report briefing session, Xingtu Measurement and Control set out its strategic layout. The announcement disclosed by the company on March 30 shows that, in 2025, the revenue proportion from its special aerospace business was approximately 60%, the proportion from its commercial aerospace business was approximately 40%, and this pattern will remain stable in the short term.

Among them, its special aerospace business mainly targets the defense sector and covers key links including aerospace measurement and control, aerospace simulation, space monitoring, and orbital management. A relevant company executive said, “The company will further enhance its technical support and comprehensive service capabilities for customers in the special aerospace sector.”

In the commercial aerospace sector, the company is actively expanding its market layout, and provides customers with end-to-end, full-lifecycle solutions that include aerospace measurement, tracking, and control systems, the “Insightful” series of software products, ground system construction, satellite on-orbit management, and on-orbit safety.

At the performance report briefing session, Xingtu Measurement and Control explained the business model of its space sensing constellation. It is said that the constellation can achieve on-orbit satellite detection, orbit determination, and cataloging, and also has capabilities such as space debris monitoring, orbital data analysis, and collision risk prediction.

In terms of ecosystem development, the company has stated clearly that it will focus on the two strategic directions of space traffic management and on-orbit services. The specific paths include: deepening coordinated cooperation with upstream and downstream companies in the industrial chain, and strengthening technical docking and resource linkages in key links; strengthening the introduction of high-level scientific research and technical talent and team building, focusing on breakthroughs in key core technologies for space traffic management, and making efforts to enhance the automation and intelligent level of space operations management.

Xingtu Measurement and Control’s innovative exploration is not an isolated case. At present, the Beijing Stock Exchange and the New Third Board have seen the emergence of a number of small and medium-sized enterprises that are developing in depth in various segments of commercial aerospace.

In the market of the Beijing Stock Exchange, companies such as Xingchen Technology and Tongyi Aerospace have already built key links in the rocket industry chain, covering areas including measurement and control, interstage fairings, and special materials. For the New Third Board, Zhutuo Technology—a national-level “little giant” enterprise centered on ultra-high-speed high-capacity data processing and on-device AI image processing technology—recently completed New Third Board tutoring and guidance filing for its listing on the Beijing Stock Exchange. In addition, key aviation and aerospace enterprises including Yagang Composite Materials, Hanlin Technology, and Baoyin Special Materials have already listed on the New Third Board, and the industrial chain layout is becoming increasingly complete.

Market participants believe that, with flexible institutional arrangements and efficient financing functions, the Beijing Stock Exchange and the New Third Board have become one of the important platforms for carrying high-quality commercial aerospace companies and helping achieve deep integration between industry and capital.

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