军工ETF（512660）盘中微跌，规模同类第一，商业航天政策利好催化

Core Insights - The establishment of the Commercial Space Administration by the National Space Administration and the release of the "Action Plan for High-Quality and Safe Development of Commercial Space (2025-2027)" aims to significantly expand the industry scale and enhance innovation vitality by 2027, covering multiple dimensions such as rockets, satellites, emerging industries, and financial support [1] Industry Summary - The acceleration of satellite networking and the rise of private rocket companies mark a turning point for commercial space, with expected synergistic effects between the rocket and satellite sectors [1] - The tense international geopolitical situation is driving global military spending growth, which may accelerate equipment development in China, particularly in areas such as unmanned equipment, deep-sea operations, and information technology [1] - As the "14th Five-Year Plan" approaches, the military industry sector is expected to see a resonance between domestic demand and military trade, with the civilian and military trade markets potentially becoming a second growth driver [1] ETF and Index Summary - The military ETF (512660) tracks the CSI Military Industry Index (399967), which selects listed companies in the aviation, aerospace, shipbuilding, weaponry, and military electronics sectors from the Shanghai and Shenzhen markets to reflect the overall performance of China's military industry listed companies [1] - The index constituents exhibit a small and mid-cap style, primarily focusing on the aviation equipment and military electronics sectors [1]