天兵科技启动上市辅导，商业航天头部企业加速商业化进程

Group 1 - The core point of the news is that Jiangsu Tianbing Aerospace Technology Co., Ltd. has officially submitted its listing guidance record, marking a significant step in the commercialization and scaling of China's commercial aerospace sector [1] Group 2 - Tianbing Technology has achieved a domestic record for thrust in liquid rocket engines with the successful sea test of the Tianlong-3 large liquid launch vehicle, indicating its capability for batch launches [2] - The Tianlong-3 rocket is expected to have a near-Earth orbit capacity exceeding 20 tons, comparable to SpaceX's Falcon 9, and can support the launch of 36 satellites in one go, addressing the demand for high-reliability, high-frequency, and low-cost satellite launches in China [2] Group 3 - Prior to initiating its IPO guidance, Tianbing Technology completed nearly 2.5 billion RMB in financing, which will be used for rocket mass production and the development of new-generation engines [3] - The company has established a comprehensive industrial chain covering rocket research, large-scale manufacturing, and dedicated launch facilities, with an initial capacity to produce 30 Tianlong-3 rockets and 500 Tianhu series engines annually [3] Group 4 - The demand for launching over 30,000 satellites for China's satellite internet construction presents a vast market opportunity for commercial aerospace [4] - The initiation of the IPO by Tianbing Technology signifies a transition from "technology validation" to "scale commercialization" in China's commercial aerospace sector, driven by policy support and market demand [4]