On September 16, the Gravity-1 Y3 carrier rocket successfully launched eight Qianfan constellation networking satellites into their predetermined orbits. Approximately 16 hours prior, the Zhuque-2 improved Y7 carrier rocket also successfully launched ten Qianfan polar-orbit networking satellites into orbit. This marks the first batch networking launch of a low-Earth orbit internet constellation by a Chinese private commercial rocket, signaling the advent of large-scale constellation networking launches in China's private commercial aerospace sector. As of September 16, the Qianfan constellation has deployed 256 satellites, with a goal of completing global networking with 324 satellites by the end of 2026. Yuanxin Satellite Company completed a capital increase of 6.976 billion yuan in August, bringing its post-investment valuation to approximately 50 billion yuan, setting a new record for a single financing round in domestic commercial aerospace.