吴晓波频道·2026-01-15 00:48Core Viewpoint - The article discusses the rapid rise and subsequent volatility of the commercial aerospace sector in the A-share market, highlighting significant stock price movements and the underlying factors driving these changes [4][9][11]. Group 1: Market Performance - From December 24, 2025, to January 12, 2026, the aerospace equipment sector achieved a 12-day consecutive rise, with a cumulative increase of 79% [9]. - On January 12, 2026, the A-share market recorded a historic trading volume of 3.64 trillion yuan, with many aerospace stocks hitting the daily limit [9][11]. - Following the peak, many companies in the sector issued risk warnings, leading to a sharp decline in stock prices, with over 60 stocks experiencing significant drops [11]. Group 2: Industry Dynamics - The commercial aerospace sector is experiencing a surge in demand, driven by China's recent application to the International Telecommunication Union (ITU) for an additional 203,000 satellites, marking one of the largest resource declarations in recent years [16][19]. - The cost of satellite launches is high, with estimates ranging from 50,000 to 100,000 yuan per kilogram, necessitating the development of reusable rockets to reduce costs significantly [21][22]. - The successful launch of the reusable rocket "Zhuque-3" by Blue Arrow Aerospace represents a significant milestone in the industry, despite its recovery failure [24][26]. Group 3: Future Prospects - The commercial aerospace industry is positioned as a critical infrastructure for future communication technologies, with low Earth orbit satellites expected to enhance connectivity in underserved areas [29][30]. - The competition in the global aerospace market is intensifying, with various countries, including the U.S., Europe, and India, investing heavily in their commercial space sectors [34][36][37]. - China's commercial aerospace strategy involves both state-owned and private enterprises, aiming to deploy thousands of satellites to create a comprehensive satellite internet network [38][41].