商业航天资本化进程再提速，星河动力完成IPO辅导备案

Group 1 - The core viewpoint of the news is that Beijing Xinghe Power Aerospace Technology Co., Ltd. has completed its IPO guidance filing, indicating a rapid acceleration in the capitalization process of China's commercial aerospace sector under supportive policies [1] - Xinghe Power, established in 2018, is the first private commercial rocket company in China to achieve mass production and high-density launches of rockets [1] - The company has successfully launched 85 commercial satellites for 27 clients, holding the record for the highest number of launches, clients served, and satellites launched among private rocket companies in China, with a success rate of 51.3% of all successful launches in the private sector [1] Group 2 - In terms of core technology innovation, Xinghe Power has independently developed its main systems and components [2] - The company has established comprehensive facilities that support the entire process from research and development to production, testing, and launch, providing ample capacity for production enhancement [2] - Xinghe Power has implemented a robust quality management and safety control system that covers all processes including rocket design, production, testing, storage, transportation, and launch [2] - The product layout includes a complete matrix of products that cater to various launch service scenarios, including commercial micro-satellites and medium to large constellation launches [2] - The mass-produced "Gushenxing No. 1" targets the micro-satellite market, while the upcoming "Gushenxing No. 2" is designed for medium constellation needs, and the "Zhishenxing" series aims at large constellation launches with high reliability and low cost [2]