China Securities Co., Ltd. research reports indicate that satellite internet can achieve global coverage, it is an important part of the star-ground integration network, with bright prospects in military and civilian applications and a wide market space. Recently, China has successfully completed a reusable launch vehicle vertical take-off and landing flight test at a 10-kilometer altitude for the first time. The second liquid launch vehicle joint test by China Aerospace Science and Technology Corporation was a success, and key technologies for commercial space rockets continued to break through. The Sino-French astronomical satellite was successfully launched, and international exchanges in the aerospace field continue to deepen. In terms of the international commercial aerospace industry, according to the SIA's "2024 Satellite Industry Status Report," satellite broadband is the fastest-growing market in the satellite service field, with a year-on-year growth of 40%. Rocket Lab, a private rocket company in the USA, has completed its 50th launch with a success rate of 92%.