Summary:

- China has filed paperwork with the International Telecommunication Union (ITU) for two megaconstellations that could total nearly 200,000 satellites.
- These proposed megaconstellations would provide global communications and internet services, similar to SpaceX's Starlink and other planned satellite internet networks.
- The large number of satellites proposed by China highlights the growing competition and commercialization of the space industry, as countries and companies race to build global satellite networks.