火箭一、二级分离本文图片均来自NHK 共同社报道称，在日本发射海外资本开发的火箭尚属首次。北海道航天港曾在2021年成功发射当地太空 创新企业"星际科技"的小型火箭。 综合日本广播协会（NHK）、共同社、台媒"中央社"报道，当地时间7月12日上午11点40分左右，在日 本北海道大树町的民间太空港"北海道航天港"，由台湾地区民营火箭公司晋升太空公司的日本法人 jtSPACE研制的火箭发射升空，但不久即坠落。 VP-01火箭"X"平台账号@jtspace_jp 据称，火箭第一级按计划飞行后落下，与第二级分离，而第二级因启动中止飞行的功能而坠落。 火箭最终坠落在发射点附近 该火箭原计划最终坠入太平洋，但火箭第二级落在了距离发射点半径1.2公里范围内的土地上。 当地警方称，无人受伤，建筑物也未受损。 本次发射的"VP01"火箭全长12米、直径0.6米、重1.4吨，未搭载人造卫星，计划飞抵高度100公里以上 的太空以验证性能。火箭的燃料结合固体燃料与液体氧化剂，据称爆炸等风险较低，且可有效降低制造 成本。 本文系观察者网独家稿件，未经授权，不得转载。 晋升太空公司推测，火箭第二级的尾翼碎裂分离，导致了坠落，并称此经验对 ...

Core Viewpoint - Rocket Lab USA has seen a significant stock price increase of approximately 600% over the past year, driven by successful rocket launches and new contracts, particularly for its Neutron rocket [2][3]. Financial Performance - Rocket Lab's revenues have grown at an average rate of 85.4% over the last three years, with a 65.0% increase from $282 million to $466 million in the last 12 months [7]. - Quarterly revenues rose by 32.1% to $123 million from $93 million year-over-year [7]. - The company's operating income over the last four quarters was -$206 million, resulting in an operating margin of -44.2% [15]. - Net income for the same period was -$207 million, indicating a net income margin of -44.3% [15]. Valuation Metrics - Rocket Lab's price-to-sales (P/S) ratio stands at 35.7, significantly higher than the S&P 500's ratio of 3.1, suggesting that the stock is expensive relative to its sales [6]. - The current valuation appears to have priced in positive news, trading at 35 times its trailing revenues [13]. Financial Stability - The company's balance sheet is strong, with a debt figure of $490 million against a market capitalization of $17 billion, resulting in a low debt-to-equity ratio of 3.4% [15]. - Cash and cash equivalents amount to $428 million, making up 34.1% of total assets of $1.3 billion, indicating a strong cash-to-assets ratio [15]. Growth and Profitability - Growth is categorized as extremely strong, while profitability is extremely weak, reflecting the challenges in achieving positive margins at this stage [16]. Market Resilience - Rocket Lab's stock has shown poor resilience during downturns, having dropped 82.8% during the 2022 inflation shock, compared to a 25.4% decline for the S&P 500 [11][13].

Group 1 - Xichang is a significant site for China's space industry, primarily known for launching Long March rockets [1][3] - The city combines rich cultural heritage with modern development, featuring ancient temples and ethnic minority culture [1] - The best time to visit for rocket launches is during spring, with a recommended stay of at least five days to accommodate potential delays [3][20] Group 2 - There are two main ways to watch rocket launches: through organized study tours or by staying in local accommodations [4][8] - Study tours typically cost around ¥1000 per person, including transportation but excluding local lodging and meals [4] - Local accommodations may offer closer views of the launch site but come with uncertainties regarding the exact launch point [8] Group 3 - The experience of watching a rocket launch is described as intense and memorable, with a brief but impactful duration of three to five minutes [12][14] - The atmosphere during the countdown is filled with anticipation, culminating in a visually stunning launch that captivates the audience [10][12] - The emotional impact of witnessing a rocket launch in person is noted to be irreplaceable compared to watching it through media [16][14] Group 4 - Xichang offers various cultural and natural attractions, such as Lushan Mountain and Qionghai Lake, which can be explored during the visit [20][21] - The city features a blend of traditional and modern elements, with local cuisine and unique experiences available for visitors [59][61] - The local transportation system is primarily reliant on taxis or self-driving, with limited public transport options [51]