Tesla(US:TSLA) 券商中国·2026-01-23 23:32Core Viewpoint - The commercial aerospace sector is experiencing significant positive catalysts, including advancements in reusable rocket technology and supportive government policies in China [1][2]. Group 1: SpaceX Developments - Elon Musk announced at the Davos World Economic Forum that SpaceX aims to achieve full reusability of its Starship rockets this year, potentially reducing the cost of space access by 99% to below $100 per pound [2][4]. - SpaceX has demonstrated the capability to capture rocket boosters on the launch pad but has yet to attempt the reuse of the Starship spacecraft [5]. - Musk also discussed plans to deploy solar-powered AI satellites in the coming years, highlighting the efficiency of solar panels in space compared to Earth [5][6]. Group 2: Domestic Aerospace Policy - The Jiuquan Municipal Government has released the "Jiuquan Commercial Aerospace Industry Development Plan (2026-2035)," which outlines the establishment of a national commercial aerospace launch base and other key facilities [2][7]. - The plan emphasizes the importance of developing a commercial aerospace hub in Jiuquan, detailing the strategic positioning and principles for growth, including park support and system innovation [8]. - It sets ambitious goals for the aerospace industry in Jiuquan, aiming for a comprehensive industrial layout that includes seven key sectors such as rocket manufacturing and satellite applications [8]. Group 3: Market Potential - According to China Galaxy Securities, the domestic satellite industry is projected to contribute 1.3 trillion yuan in related output value by 2030, indicating a vast market space for the entire industry chain [9]. - The commercial aerospace industry is entering a golden era driven by both demand and supply, with recommendations to focus on private rocket companies and satellite manufacturing [9].