The expansion of satellites as a critical infrastructure for efforts to mitigate and reverse climate change, as well as the relevance of these space devices for expanding social connectivity, calls for the formation of stable supply chains capable of ensuring that the national industry has the conditions to succeed in developing projects in the satellite sector. What is more, Brazil can exploit its geopolitical position to link itself more effectively to global value chains in the aerospace sector. Given this context, the aim of this work is to understand the Brazilian aerospace sector s perspective on the possible political risks arising from the Sino-Brazilian cooperation on satellites (CBERS), in order to identify possible behaviors of the national industry in the face of future international conjunctures as well as to generate data that will contribute to publicizing the advantages of carrying out special projects with Brazil. The methodology used was the establishment of a survey with entrepreneurs and employees in the Brazilian aerospace industry and interviews with leaders in this sector. The results point to a risk environment characterized by uncertainty, although the discontinuation of cooperation is not seen as likely. The perceived impact of a possible end to the cooperation would affect notably the infrastructure of the Brazilian satellite industry, but would also possibly make new international partnerships in the North-South cooperation axis viable. This research is limited to analyzing the industry s perception of risk, refraining from a factual assessment of the real probability, impact and uncertainty of an end to the CBERS program. Also, this study was exploratory, working with a small sample of data, so the conclusions found here still need to be strengthened by further research.