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Core Insights - Yantai is developing a trillion-level commercial aerospace industry cluster, focusing on a comprehensive ecosystem that includes satellite manufacturing, rocket launching, and application services [1][8] - The "Yuanli No.1" rocket, developed by Dongfang Space (Shandong) Technology Co., has successfully completed multiple missions, enhancing China's capacity for low-orbit satellite launches [2][3] Group 1: Launch Capabilities - The "Yuanli No.1" rocket has a payload capacity of 6.5 tons to low Earth orbit and supports multiple satellite launches in a single mission, significantly boosting China's launch capabilities [2] - Dongfang Space has successfully conducted 19 sea launch missions, placing a total of 127 satellites into orbit, showcasing its efficient launch organization [3] Group 2: Infrastructure Development - The establishment of Dongfang Spaceport is a strategic initiative that leverages Yantai's strong industrial and research foundation, including local leaders in new materials and aerospace technology [4] - A 6-kilometer aerospace avenue connects various functional zones, enabling rapid transitions from rocket assembly to launch within 48 hours [4] Group 3: Industry Growth - The demand for flexible launch services has surged, with commercial satellite companies pre-booking rocket slots, indicating a shift from "satellites waiting for rockets" to "rockets waiting for satellites" [7] - Yantai has attracted 30 aerospace projects with a total investment of 32.2 billion yuan, establishing a comprehensive industry chain that includes sea launches, rocket research, and satellite applications [7] Group 4: Policy Support - The local government has prioritized the aerospace industry as one of its six key industrial chains, implementing action plans to foster development and collaboration across various sectors [8]