The Zhitong Finance App learned that Tianfeng Securities released a research report saying that at present, China's commercial aerospace industry may usher in a period of important development opportunities. The development of China's commercial satellite industry may be further accelerated, and rocket launch capacity may gradually increase. At the same time, satellite launch costs and satellite construction costs may be further reduced, and the low-cost satellite manufacturing industry chain is expected to benefit as a matter of priority. Recommended attention: Shanghai Hanxun (300762.SZ), Chengchang Technology (001270.SZ), Zhenlei Technology (688270.SH), Guobo Electronics (688375.SH), Tianao Electronics (002935.SZ), Jiayuan Technology (301117.SZ), Aerospace Electronics (002025.SZ), China Satellite (600118.SH), Haige Communications (002465.SZ) (communications team coverage), Shaanxi Huada (301517.SZ), Shanghai Industrial (). 603131.SH
Inventory of recent commercial space events:
On May 24, Hongqing Technology, a subsidiary of the commercial space company Blue Rocket Aerospace, submitted advance information on the Honghu-3 constellation to ITU, and plans to launch 10,000 satellites on 160 orbital planes;
On May 27, the Saudi Public Investment Fund (PIF) issued a statement announcing the establishment of the satellite and space company Neo Space Group (NSG) to develop and strengthen Saudi commercial space business and provide satellite and space solutions locally and globally;
On May 28, the SpaceX Falcon 9 carrier rocket launched 23 Starlink satellites into near-Earth orbit. At the same time, SpaceX announced that the fourth flight test of the Starship will begin as early as June 5;
On May 29, the commercial space company Galaxy Power Aerospace Company carried out a sea launch mission for the Ceres 1 (Yao 2) launch vehicle in the waters off Shandong, successfully launching 4 satellites of the “Apocalypse Constellation” 25-28 stars into 850 km near-Earth orbit.
Tianfeng Securities's main views are as follows:
Blue Rocket Hongqing applied for 10,000 satellite constellations from ITU under the name Honghu-3. It is an important step for Blue Rocket to achieve an integrated Stararrow layout against SpaceX and Starlink. At the same time, it is also the third constellation plan submitted by a Chinese entity to ITU for more than 10,000 satellites. At the same time, this shows that domestic commercial space has gradually changed from a single government dominance to a government-led and market-driven pattern, and more constellation operators may participate in the future.
Galaxy Power's sea launch vehicle is an improved product of the Ceres 1 launch vehicle. In order to meet the orbital inclination requirements of this launch satellite, the launch site area was changed. It is also currently the only private rocket arrow type that can take into account land and sea launch platforms. The multiple successful launches of Galaxy Dynamics have demonstrated its high-density, high-efficiency launch capability and multi-domain launch adaptability, which can meet the launch needs of different satellite users as quickly as possible.
Saudi Arabia's establishment of a satellite and space company, and SpaceX and Starlink have always maintained high-density and efficient launches, which means that mainstream countries in the world have deeply understood the urgency of allocating and using space resources, are laying out the direction of space one after another, and the competition for space spectrum resources and orbital resources may also heat up.
Risk warning: Satellite internet construction falls short of expectations; market competition intensifies; the pace of satellite launches falls short of expectations.