大利好！A股这一产业，新突破

Core Viewpoint - The listing process for commercial rocket companies is accelerating, with Blue Arrow Aerospace aiming to become the first commercial rocket stock on China's STAR Market by 2025 [1] Industry Overview - The commercial aerospace industry encompasses the research, manufacturing, launching, and operation of spacecraft and launch vehicles [2] - Since 2015, the Chinese commercial aerospace market has rapidly grown due to various factors, with a projected market size of 8 trillion RMB by 2030 [2] - At least 10 commercial rocket companies, including Star Glory and China Aerospace Science and Technology Corporation, have initiated IPO processes [2] Company Specifics - Blue Arrow Aerospace's IPO application was accepted, aiming to raise 7.5 billion RMB for projects related to reusable rocket capacity and technology improvements [1] - The company is currently in a loss-making state and plans to adopt the STAR Market's fifth set of listing standards, which have now expanded to include the commercial aerospace sector [1] Market Demand - There are approximately 100 registered satellite constellations in China, with a planned total exceeding 60,000 satellites, primarily for communication purposes [2] - The demand for rocket launches is expected to surge, with over 10 new rocket models anticipated to compete in 2026 [3] - The increasing scale of satellite constellations necessitates the development of reusable rockets to meet the demand for faster, more cost-effective launches [3]