2026年有望成为商业航天元年，军工ETF（512660）涨近4%

Group 1: Commercial Aerospace Industry - The commercial aerospace industry is rapidly rising and is becoming an important part of the strategy for aerospace power, with 2026 expected to be a pivotal year for both China and the global commercial aerospace sector [1] - The establishment of the Commercial Aerospace Department by the National Space Administration will lead to more active commercial launch activities [1] - The release of guidelines for commercial rocket companies on the Sci-Tech Innovation Board is expected to accelerate the IPO process for private rocket companies [3][4] Group 2: Policy and Market Dynamics - The guidelines issued by the Shanghai Stock Exchange detail the requirements for commercial rocket companies, including the need for key core technology advantages and successful launch results [3] - The demand for space computing and the maturation of reusable rocket technology are anticipated to drive down costs and enhance launch capabilities in China's commercial aerospace sector [5] - The military industry is experiencing a solid fundamental boost, with the military ETF (512660) rising nearly 4%, reflecting market recognition of the high prosperity in the military sector [1][6] Group 3: Investment Opportunities - The military ETF (512660) covers the entire defense industry chain and is the largest in its category, providing an important tool for capturing industry allocation opportunities [8] - The defense and military construction sector is expected to enter a new growth cycle, with increased demand for new generation main battle equipment and new operational capabilities [6] - The military industry is projected to see a comprehensive improvement in performance, with both domestic and foreign demand contributing to growth [6]