商业火箭企业科创板上市标准来了！

Group 1 - The Shanghai Stock Exchange has released guidelines to support commercial rocket companies in meeting the fifth listing standard on the Sci-Tech Innovation Board, marking another achievement of the "1+6" reform initiative [1] - The development of commercial aerospace is of significant national strategic importance, with the government emphasizing its role in enhancing national strength and competitiveness [2] - The commercial rocket industry plays a crucial role in the commercial aerospace sector, addressing the current imbalance of "many satellites but few rockets" and is essential for the high-quality development of the industry [3] Group 2 - The capital market is accelerating the development of the entire commercial aerospace industry chain, with various companies successfully listing on the Sci-Tech Innovation Board, indicating a growing trend in this sector [4] - The China Securities Regulatory Commission has introduced measures to enhance the inclusivity of the Sci-Tech Innovation Board, allowing commercial rocket companies to apply for the fifth listing standard, which has led to several IPO applications [5] - The guidelines provide a clear pathway for commercial rocket companies to access capital markets, which will help them overcome technological challenges and promote the development of reusable rockets [6][9] Group 3 - The guidelines specify requirements for commercial rocket companies, including having significant technological advantages, achieving milestone results, and obtaining necessary approvals from relevant authorities [6][7] - The milestone requirement for companies applying for the fifth listing standard is to have successfully launched a medium to large reusable rocket with payloads, which is crucial for validating their commercial viability [8] - The guidelines aim to enhance the adaptability and inclusivity of the listing process, focusing on the functional design of products rather than mandating recovery tasks during initial flights [9]