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China's on a mission to dominate space internet

China is ramping up plans for government-sponsored satellites to beam internet from space, taking on U.S. rivals like SpaceX and Amazon in the race to own the next frontier of connectivity.

Why it matters: There's growing concern that China is trying to enter the space internet market with the same strategy it used on earth with Huawei and 5G — use a state-backed company to undercut competitors and spread global influence.

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