行业迎催化，卫星ETF、航空航天ETF、卫星ETF易方达、卫星产业ETF涨超2%

Core Viewpoint - The commercial aerospace industry is experiencing significant growth driven by advancements in satellite launch capabilities and the development of reusable rockets, which are expected to enhance satellite deployment efficiency and scalability [2][3][4]. Group 1: Market Performance - A-shares indices collectively declined, with the Shanghai Composite Index down 0.55% to 3867.92 points, and the total market turnover was 1.79 trillion yuan, a decrease of 324.6 billion yuan from the previous trading day [1]. - Satellite ETFs and aerospace ETFs saw gains of over 2%, indicating investor interest in the satellite industry [1]. Group 2: Launch Capabilities - China's commercial space sector achieved significant milestones with the successful launch of the "Li Jian No. 1" rocket, capable of carrying 1.5 tons to a 500 km sun-synchronous orbit, marking the entry of private solid rockets into large-scale operations [2]. - The Long March 12 rocket demonstrated a near-Earth orbit capacity of at least 12 tons, validating large-scale satellite constellation deployment capabilities [2]. Group 3: Industry Trends - The development of reusable rockets is seen as a turning point for the industry, addressing capacity constraints and enabling large-scale satellite networking [3]. - Recent policy support and top-level design improvements in the commercial aerospace sector have bolstered market confidence in long-term growth [3]. Group 4: Future Projections - The construction of low-Earth orbit satellite constellations is accelerating, with projections indicating approximately 13,000 satellite launches over the next five years, leading to a compound annual growth rate (CAGR) of 74% in launch frequency [4]. - By 2029, it is estimated that China will require 6,800 rocket launches to support space computing needs, with global demand reaching 15,000 launches [4]. Group 5: SpaceX Developments - SpaceX is reportedly preparing for an initial public offering (IPO), with executives selecting investment banks to assist in the process, indicating a significant step towards public listing [5]. - The company aims for a valuation of approximately $1.5 trillion, potentially making its founder, Elon Musk, the world's first trillionaire [6].