Di Yi Cai Jing·2025-12-02 00:13Core Viewpoint - The establishment of a dedicated Commercial Space Administration by the National Space Administration aims to enhance the efficiency of launch approvals and licensing, promoting the standardized and large-scale development of the commercial space industry [1] Group 1: Regulatory Developments - The newly formed Commercial Space Administration will serve as a specialized regulatory body to improve the efficiency of launch approvals and licensing [1] - The release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space (2025-2027)" outlines four core objectives to support the industry [1] Group 2: Industry Goals and Initiatives - The action plan includes initiatives to support low-cost technologies such as reusable rockets and smart satellites through open research projects [1] - It emphasizes the integration of civil and commercial standards to share national resources like measurement and control stations and testing grounds [1] - The establishment of a national fund aims to optimize the industrial ecosystem and create a comprehensive safety regulation system throughout the lifecycle of space projects [1] Group 3: Market Outlook - By 2025, the industry is expected to accelerate, with over 100 in-orbit satellites from GW and Qianfan Constellation, and private rocket companies entering the national satellite launch market [1] - The Ministry of Industry and Information Technology will open satellite communication services to operators, promoting consumer-level applications of direct connection technology [1] - Following the clarification of the policy framework, commercial space is projected to enter a phase of high-frequency launches starting in 2026, with low Earth orbit satellite internet and the rocket launch supply chain becoming key beneficiary sectors [1]