朱雀三号发射成本将边际递减，商业航天迎密集催化，聚焦航空航天 ETF（159227）布局价值

Group 1 - Aerospace ETF (159227) increased by 0.59% with a trading volume of 195 million yuan, leading its category [1] - Key holdings include China Satellite, Guokai Military Industry, Guanglian Aviation, Guangqi Technology, and Aerospace Technology [1] - Blue Arrow Aerospace plans to list on the Sci-Tech Innovation Board, potentially becoming China's first "commercial aerospace stock" [1] Group 2 - The reuse cost of the Zhuque-3 rocket shows a pattern of "high initial investment, followed by decreasing marginal costs," with costs dropping by approximately 45% after five launches [1] - The ultimate goal for Zhuque-3 is to reduce the launch cost to below 20,000 yuan per kilogram [1] - The military industry is expected to perform well in the long term, supported by recent developments in commercial aerospace and military modernization goals [1][2] Group 3 - The Aerospace ETF closely tracks the National Aerospace Index, with a military industry representation of 98.2%, making it the highest purity index in the market [2] - The index covers key sectors such as aerospace equipment, satellite navigation, and new materials, with a significant focus on emerging fields like commercial aerospace, which accounts for 51.83% of the index [2]