商业航天巨头致歉，估值150亿元，已启动IPO辅导

Core Viewpoint - The article discusses the recent failure of the Ceres-2 commercial rocket launch by Star River Dynamics, highlighting the company's commitment to investigating the failure and ensuring future success in their missions [1][4]. Group 1: Company Overview - Star River Dynamics, established in 2018, is the first private commercial rocket company in China to achieve mass production and high-density launches [4]. - The company has successfully conducted 21 commercial launches, delivering a total of 89 satellites into their designated orbits [4]. - The Ceres-1 rocket is the main model for Star River Dynamics, holding a competitive position in the commercial launch market [4]. Group 2: Recent Developments - On January 16, 2026, Star River Dynamics successfully launched the Ceres-1 sea launch variant, marking a positive start for private commercial launches in the year [4]. - The company has completed 10 rounds of financing, with a valuation of approximately 15 billion yuan, and has submitted an IPO counseling report scheduled for October 2025 [4]. - The founders of Star River Dynamics, Liu Baiqi and Liu Jianshe, collectively hold 32.36% of the company's shares, acting as the actual controllers [4]. Group 3: Industry Context - Other private commercial rocket companies in China, including Blue Arrow Aerospace, Tianbing Technology, Zhongke Aerospace, and Interstellar Glory, have also initiated their IPO processes [4]. - Blue Arrow Aerospace's IPO application has been accepted, aiming to raise 7.5 billion yuan, while Zhongke Aerospace's counseling status has recently changed to acceptance [4].