Group 1 - The commercial aerospace concept stocks experienced a significant drop after a previous surge, with notable declines in companies such as Goldwind Technology (down 8.82% to HKD 14.79), Asia-Pacific Satellite (down 5.61% to HKD 3.53), Aerospace Holdings (down 4.23% to HKD 0.68), and AVIC (down 2.59% to HKD 4.13) [1] - Blue Arrow Aerospace has submitted its prospectus for an IPO on the Sci-Tech Innovation Board, aiming to raise CNY 7.5 billion, with CNY 2.77 billion allocated for enhancing reusable rocket production capacity and CNY 4.73 billion for improving reusable rocket technology [1] - Guolian Minsheng Securities released a report indicating that by 2026, domestic and international rocket manufacturers are expected to go public, with accelerated launches of low-orbit constellations and the potential for space computing to achieve a "0-1" breakthrough [1] Group 2 - The report suggests focusing on leading companies in the rocket components sector, such as rocket engines and body structures, which may benefit from the financing acceleration of rocket manufacturers' IPOs, leading to technological iterations and capacity expansion [1] - Companies involved in downstream satellite equipment and operations are expected to benefit from the increased launch capacity of private rockets, which will lower launch costs and accelerate the deployment of low-orbit satellite networks [1]