长城基金：看好商业航天赛道布局机会

Core Viewpoint - The military industry has active performance in certain sub-sectors, with a positive outlook on opportunities in the commercial aerospace sector, focusing on two main directions: controllable nuclear fusion and commercial aerospace [1] Group 1: Controllable Nuclear Fusion - Recent project tenders have entered a phase of intensive implementation, with multiple core system procurement results being announced, indicating an acceleration in the engineering process [1] - This development is expected to bring clear business increments to upstream and downstream enterprises in the industry chain, enhancing visibility for industry growth [1] Group 2: Commercial Aerospace - Internationally, technology companies are actively investing in space computing capabilities, while domestic satellite constellation construction and launch schedules are accelerating [1] - The first space computing constellation has recently been networked, and there are ongoing supportive signals from policy levels [1]