5月15日，军工股早盘反复震荡，截至发稿，国证航天指数截至发稿下跌0.61%，盘中一度翻红上涨 0.34%，成分股方面，安达维尔涨超10%，博云新材涨超6%，航新科技、北摩高科、中航机载、中航西 飞、中直股份等多股飘红。 热门ETF中，跟踪国证航天指数的航空航天ETF天弘（认购代码：159241）进入结募倒计时，根据公司 公告显示，天弘国证航天航空行业ETF（认购代码：159241）于5月6日至5月16日进行发售，首次募集 规模上限为50亿元，该基金的场内简称为航空航天ETF天弘。 消息面上，据智通财经，我国低轨卫星发射进程加速。近日，我国发射成功多颗卫星。5月14日，我国 在酒泉卫星发射中心使用长征二号丁运载火箭，成功将太空计算卫星星座发射升空。5月13日，我国在 西昌卫星发射中心使用长征三号丙运载火箭，成功将通信技术试验卫星十九号发射升空，卫星顺利进入 预定轨道，发射任务获得圆满成功。 国海证券认为，随着多重因素推动我国低轨卫星发射进程加速，预计我国商业航天产业链将进入高景气 周期，看好产业链投资机会。 源达证券表示，逆全球化趋势逐步加强，地缘政治不确定性加大，各国安全诉求提升，全球军贸逻辑得 到强化。中 ...

Core Insights - The successful launch of the Long March 8 rocket from Hainan's commercial space launch site marks a significant milestone for China's commercial space industry, demonstrating its capability for "dual-site, multi-model, and high-frequency" launches [1][2] - The establishment of the Hainan commercial space launch site addresses the resource scarcity in China's commercial space sector, enhancing the overall industry chain [2][3] - The launch site is expected to achieve an annual launch capacity of over 30 missions, with plans to expand to 60 missions by 2026, significantly improving launch efficiency and meeting the growing demand for commercial launches [2][3] Industry Development - The commercial space industry in China has evolved from a focus on the "Long March" series to a diverse array of commercial rockets, with advancements in payload capacity, technological innovation, and market applications [1][2] - The market size of China's commercial space sector has grown from 0.6 trillion yuan to 1.9 trillion yuan from 2018 to 2023, reflecting an average annual growth rate of 23% [3] - The Hainan launch site is positioned to enhance the competitiveness of China's commercial space industry on a global scale, facilitating faster technological iterations and cost reductions for satellite companies [2][3]