Recently, driven by positive news such as continuous technological breakthroughs and increasing policy support, the commercial aerospace sector has seen a surge in popularity in the secondary market. Relevant institutions believe that with the driving force of space computing power construction demand and the gradual maturity of recyclable carrier rocket technology, China's commercial aerospace industry is expected to experience both cost reduction and launch capacity improvement, and the industry may usher in a turning point of rapid growth. Technological Catalysis Continuously At 7:00 on December 12, 2025, China successfully launched 16 groups of satellites in the low orbit of the satellite Internet using the Long March 12 carrier rocket at the Hainan commercial space launch site, and accurately sent them into the scheduled orbit. The launch mission was a complete success. The rocket for this mission was transferred on the morning of December 8th and completed all rocket to ground docking tests on the 10th. After only three days of transition, the refueling and launch were successfully completed, and the entire process was smooth and silky, setting a record for the shortest occupancy time of the launch station at the Hainan commercial space launch site. This marks the maturity of the launch site's launch capability and a big step towards high-density launch stage. Commercial aerospace is a market-oriented and commercially profitable space activity that covers areas such as satellite manufacturing, rocket launches, and satellite applications. By 2025, China's commercial aerospace industry will achieve significant technological breakthroughs in key areas such as launch vehicles, satellite manufacturing and networking, launch facilities, and satellite applications, driving the industry from technology validation to a new stage of scale and commercialization. On December 3rd, the low-cost, high-capacity, high-frequency, reusable liquid oxygen methane carrier rocket - Blue Arrow Aerospace's "Zhuque-3" Yao-1 carrier rocket - was also launched into space from Dongfeng Commercial Aerospace Innovation Experimental Zone, completing the flight mission according to the procedure, and the rocket's second stage entered the predetermined orbit. Although the mission did not achieve the predetermined goal of recovering the first stage of the rocket, it verified the correctness of a series of launch plans and achieved multiple technological breakthroughs. Shanxi Securities stated in a research report that the successful launch of Zhuque-3 into orbit marks the gradual formation of available real capacity by private rocket companies, and the number of low orbit satellite launches may significantly increase by 2026. With the rapid iteration, low-cost, and high turnover business model of private commercial aerospace, it is expected to break through the stable first stage power system recycling technology within 1-2 years, thereby significantly reducing launch costs and further driving satellite into orbit. ”Shanxi Securities believes that. In addition, Galaxy Aerospace, which has successfully developed and launched two satellite Internet technology test stars with mobile phone direct connection function, revealed that at present, the company is accelerating the development of subsequent mobile phone direct connection satellites, including the development of core technologies such as phased array antenna for mobile phone direct connection satellites, large energy on the satellite, digital processing payload and low-cost research, and promoting the mass production of satellites and various key equipment. Our commercial aerospace industry is entering the fast lane. Currently, the increase in quantity, the diversification of platform types, the improvement of performance, as well as the commercialization and low-cost manufacturing, are constantly enriching the application scenarios of satellites, making them not only applicable to ground emergency disaster relief, forecasting and early warning, but also to navigation services, network communication and other fields. ”Zhang Shijie, the president of the Galaxy Aerospace Research Institute, said in an interview. As technology and application scenarios continue to break through, policy support for commercial aerospace is also continuously increasing, laying a solid institutional foundation for the industry to move from technology verification to large-scale commercial closed-loop. In August of this year, the Ministry of Industry and Information Technology issued the "Guiding Opinions on Optimizing Business Access to Promote the Development of Satellite Communication Industry", which relaxed the industry from 19 dimensions such as market opening, scene expansion, and ecological cultivation. Subsequently, the Ministry of Industry and Information Technology officially launched a two-year commercial trial of satellite IoT services in November. The National Space Administration also issued the "Action Plan for Promoting High Quality and Safe Development of Commercial Aerospace (2025-2027)" (hereinafter referred to as the "Action Plan") in November this year, which clarifies 22 key measures, including "encouraging commercial aerospace to layout corresponding links in the aerospace industry chain", "supporting commercial aerospace entities to develop new technologies and products, and explore new application scenarios", "improving the investment and financing system and mechanism for commercial aerospace development, and establishing a national commercial aerospace development fund", etc. In addition, to achieve precise coordination between industry support and safety supervision, the National Space Administration has also established a dedicated regulatory agency - the Commercial Aerospace Department. The introduction of policies has also made enterprises feel tangible development dividends and clear guidance for moving forward. The Action Plan has lowered the entry threshold for the development of enterprises, for example, it mentions that enterprises developing commercial satellites do not need to apply for weapons and equipment research and production licenses. This is of great significance for satellite manufacturing enterprises, which means that they can develop satellites with higher technological levels and more effective payloads without being limited by satellite weight, conduct technical verification, and accelerate technological innovation, thus seizing the technological high ground of global aerospace industry development. ”Zhang Shijie said. In Zhang Shijie's view, with the continuous opening of policies, the construction and development of new space infrastructure such as satellite Internet has begun to accelerate, which is becoming a key force to promote the transformation of China's economy to new technologies, new industries and new engines, and has laid a solid foundation for building a 6G universal intelligent network of the Internet of Everything. It is reported that there are currently over 600 commercial aerospace enterprises in China, covering rocket manufacturing, satellite manufacturing, and related supporting equipment upstream of the industrial chain; Satellite launch, ground equipment manufacturing, and satellite operation in the midstream; And downstream terminal applications and service markets. Open Source Securities believes that with the driving force of space computing power construction demand and the gradual maturity of recyclable carrier rocket technology, China's commercial aerospace industry is expected to experience both cost reduction and launch capability improvement, and the industry may usher in a rapid growth turning point. Zhang Shijie stated that in the commercial aerospace field, directions such as direct connection of mobile phones and space supercomputing have broad application prospects. In this context, listed companies in the industrial chain have increased their layout and seized opportunities on the track. China Satellite said in its 2025 semi annual report that China's commercial aerospace and satellite Internet fields have shown strong momentum of development and become an important engine driving a new round of scientific and technological revolution and economic growth. The company will continue to promote the transformation and application of cutting-edge technological achievements in the aerospace manufacturing and satellite application industries. Sirui New Materials stated that the high-strength and high conductivity copper alloy materials developed by the company, especially chromium zirconium copper and copper chromium niobium materials, have become ideal materials for the inner walls of liquid rocket engine thrust chambers due to their high temperature stability, heat resistance, and superior thermal conductivity. The company's main clients currently include Blue Arrow Aerospace, Kyushu Cloud Arrow, Interstellar Honor, Deep Blue Aerospace, etc. Mengsheng Electronics revealed that the company mainly provides satellite navigation products and satellite communication products in the commercial aerospace field. Among them, satellite navigation products are mainly used in the control system of rockets, and the main customers include Aerospace Science and Technology Group, Aerospace Science and Industry Group, Blue Arrow Aerospace, Star River Power Aerospace, etc; Satellite communication products are mainly application terminal products for different constellations such as Tiantong Satellite, Zhongxing 16/26, Asia Pacific 6D, and low orbit satellites. The main customers include domestic and foreign top operators and integrators such as Aerospace Science and Technology Group, China Electronics Technology Group, China Telecom, and China Satellite Network. Shangda Corporation claims that in the aerospace field, the company's products are mainly used for the manufacturing of structural components such as solid rocket engine casings, liquid rocket engine hot end components, rocket balance rudder shafts, and other high-temperature resistant and high-strength key components for spacecraft. The company has obtained qualification certification from major commercial aerospace enterprises such as Aerospace Science and Technology, Aerospace Science and Industry Corporation affiliated institutes, Blue Arrow Aerospace, and Jiuzhou Cloud Arrow, and has long-term stable batch production and supply. Shaanxi Huada stated that the company keeps up with customer demand and continuously expands the product range of commercial aerospace, supporting various products such as RF connectors, RF components, micro rectangular connectors, high-speed connectors, bundled wire harnesses, fiber optic components, etc. The single star value continues to increase. (New Society)