商业航天板块再传利好，上交所出手，商业火箭企业适用科创板第五套上市标准，中国版“Space X”将花落谁家？

Core Viewpoint - The Shanghai Stock Exchange has issued guidelines for commercial rocket companies to apply the fifth set of listing standards on the Sci-Tech Innovation Board, supporting the commercialization of the commercial rocket sector during a critical period [1] Group 1: Guidelines for Commercial Rocket Companies - The guidelines specify that companies must demonstrate significant technological advantages, focusing on "hard technology" attributes, and must have key core technologies and breakthroughs [2] - Companies are required to achieve a milestone of successfully launching a payload into orbit using a reusable medium-to-large launch vehicle before applying for listing [2] - Companies must obtain necessary approvals from relevant national departments during the research and manufacturing process of commercial rockets [2] - The guidelines emphasize the need for companies to occupy a significant position in the industry, have a clear target market, and possess a competitive edge over rivals [2] Group 2: Blue Arrow Aerospace and Other Companies - Blue Arrow Aerospace has completed its IPO counseling work, marking a significant step in its journey in the capital market, with a focus on medium-to-large launch vehicles using liquid oxygen and methane [3] - The company successfully launched the Zhuque-2 rocket in 2023, becoming the first in the world to place a payload into orbit using a liquid oxygen-methane rocket [3] - Other commercial space startups, including Xinghe Power, Zhongke Yuhang, and Weina Starry Sky, are also preparing for IPOs in the second half of 2025 [4] Group 3: SpaceX Developments - Elon Musk is pushing for SpaceX to go public, with internal communications indicating preparations for an IPO next year [6] - The latest internal stock pricing values SpaceX at $800 billion, with aspirations to reach a valuation of $1.5 trillion [6] - Musk's potential wealth from SpaceX could make him the world's first trillionaire, as he holds approximately 42% of the company's shares [6]