军工ETF（512660）涨超1.1%，卫星互联网组网提速或驱动产业链景气上行

Group 1 - The core viewpoint is that China's satellite internet is entering a high-density launch period, with the frequency of GW constellation launches significantly increasing from one to two months for the first five groups of satellites to three to five days for the sixth to seventh groups, indicating a rapid networking phase [1] - The company "Yuanxin Satellite" has initiated a tender for launch services for 2025, suggesting that construction will gradually accelerate [1] - Hainan Commercial Launch's first and second launch pads have begun regular launch operations, with plans to add third and fourth pads to meet the demand for "high frequency, large capacity, and low-cost" launches [1] Group 2 - Several large-capacity private liquid rockets, such as Zhuque-3 and Tianlong-3, are expected to have their maiden flights in the second half of 2025, with reusable experiments steadily progressing [1] - The private rocket company "Blue Arrow Aerospace" has initiated IPO counseling, indicating that China's commercial aerospace industry is entering a rapid development phase, which is likely to accelerate satellite internet construction [1] - The military ETF (512660) tracks the CSI Military Industry Index (399967), which selects representative listed companies in the military industry from the Shanghai and Shenzhen markets, covering various fields such as aviation, aerospace, shipbuilding, and weaponry [1]