蓝箭航天科创板IPO获受理：拟募资75亿元押注可回收火箭

Group 1 - The core point of the article is that Blue Arrow Aerospace Technology Co., Ltd. has officially received acceptance for its IPO application on the Sci-Tech Innovation Board, aiming to raise 7.5 billion yuan for reusable rocket capacity and technology enhancement projects [1] - The IPO application is significantly influenced by recent policy changes, specifically the guidelines released by the Shanghai Stock Exchange on December 26, which aim to promote innovation in the commercial aerospace sector [1] - Blue Arrow Aerospace has not yet achieved profitability, which aligns with the characteristics of the commercial aerospace industry that involves high investment and long cycles, allowing it to apply for listing under the fifth set of standards on the Sci-Tech Innovation Board [1] Group 2 - The company has been active in technical validation, with the recent successful launch of the Zhuque-3 reusable rocket on December 3, which included China's first attempt at recovering a rocket's first stage [1] - This flight validated the structural thermal protection and aerodynamic layout design during the "supersonic re-entry aerodynamic gliding phase," and tested the combined control strategy of the cold gas reaction control system and grid fins [1] - The funds raised from the IPO are intended to accelerate the engineering and commercialization process of the liquid oxygen-methane reusable technology route [1]