消息面上，近期，商业火箭领域频频传来好消息。5月29日，北京箭元科技有限责任公司的"元行者一 号"验证型火箭在海阳东方航天港成功进行了首次飞行回收试验；6月20日，由蓝箭航天空间科技股份有 限公司研制的朱雀三号可重复使用运载火箭成功完成一级动力系统试车；据东方空间（山东）科技有限 公司消息，其"引力二号"运载火箭目前已进入产品齐套和各项大型地面试验阶段。7月2日，据报道，由 中科宇航技术股份有限公司（以下简称"中科宇航"）研发的"力箭二号"运载火箭将于今年9月份首飞。 7月8日午后，A股三大指数继续上行，通信、电子、电力设备等行业涨幅居前，国防军工板块低开高 走，午后持续拉升，截至14:21，航空航天ETF（159227）翻红，现涨0.27%，成交额达5669万元，居同 标的ETF第一，持仓股上海瀚讯涨超3%，华秦科技、中国海防、迈信林、华力创通、天和防务等跟 涨。 资金流向方面，航空航天ETF（159227）7月7日净流入额为1642.83万元，截至上个交易日，已连续8个 交易日获资金净流入，累计净流入额为1.91亿元。该ETF最新流通份额为4.09亿份，最新流通规模为 4.48亿元，创上市以来新高。 航空 ...

Core Viewpoint - The commercial aerospace sector in China is experiencing significant growth driven by policy support and technological advancements, with a notable increase in market activity and investment opportunities [1][4]. Group 1: Market Activity - The "Lijian No. 2" rocket developed by China Aerospace Technology Co., Ltd. is set for its maiden flight in September 2023, marking a key milestone in commercial space endeavors [1]. - Commercial aerospace stocks have shown strong performance, with several companies reaching their daily price limits and others experiencing gains exceeding 9% [1]. - Since June 2023, there has been a surge in interest in commercial aerospace, with 32 companies related to this sector undergoing institutional research in the past month [1]. Group 2: Technological Developments - The "Lijian No. 2" rocket will play a crucial role in launching the initial test flight of the cargo spacecraft for the manned space station, with components designed for reusability to significantly reduce costs [2]. - Recent technological breakthroughs in the commercial rocket sector include successful flight recovery tests and advancements in reusable rocket systems, enhancing launch efficiency and cost-effectiveness [2][3]. - The transition from single-use to reusable launch systems is expected to optimize costs and improve operational efficiency in the commercial rocket industry [2]. Group 3: Market Size and Growth - The commercial aerospace market in China is projected to grow from a value of 1 trillion yuan in 2020 to approximately 2.3 trillion yuan by 2024, reflecting a compound annual growth rate of 22.9% [4]. - By 2025, the market value is expected to reach 2.8 trillion yuan, indicating robust growth potential in the sector [4]. Group 4: Company Developments - Companies in the aerospace supply chain are increasingly focusing on commercial rockets, with various firms reporting progress in their aerospace-related projects [5][6]. - Specific companies, such as Weihai Guangwei Composite Materials Co., Ltd. and Hunan Feiwo New Energy Technology Co., Ltd., have successfully integrated their products into the commercial rocket sector [6][7]. - Strategic partnerships are being formed between companies to enhance capabilities in rocket structure, storage products, and recovery facilities [7]. Group 5: Investment Opportunities - Industry experts emphasize the need for companies to seize opportunities in the commercial aerospace sector by innovating and overcoming technical challenges related to reusability and efficient engines [8].

海南和城航天私募股权投资基金是由海南自由贸易港建设投资基金（以下简称自贸港基金）参与出 资的子基金。此次试验的成功，是箭元科技技术研发实力的有力证明，也是海南自贸港建设投资基金通 过市场化子基金布局前沿科技领域、支持国家战略性新兴产业发展的重要成果。 箭元科技在海南的布局以文昌国际航天城为核心，重点建设中大型可重复使用运载火箭发射与回收 中心，旨在依托海南低纬度发射优势和自贸港政策，构建"总装-测试-发射-回收一体化产业链"。 据悉，海南自由贸易港建设投资基金自成立以来，始终以服务海南自贸港国家战略为核心使命，聚 焦海南四大主导产业进行投资布局。作为海南省级政府引导母基金，海南自由贸易港建设投资基金积极 发挥引导作用，通过海南和城航天基金等专业子基金，精准投资于箭元科技等具备核心技术创新能力的 航天企业，积极助力我国商业航天产业链的完善与升级。 下一步，海南自由贸易港建设投资基金将继续聚焦主导产业发展方向，充分发挥母基金的资本撬动 和资源整合优势，联合市场化投资机构设立专业化子基金，吸引培育优质产业项目落地海南，为自贸港 高质量发展注入动能。 箭元科技在琼布局"总装-测试-发射-回收一体化产业链" 自贸港基金 ...

来源：北京日报 "这两个模块，是星地量子直接通信系统的关键组成部分，能完成信息传输、解码的任务。"北京量子院 副院长、清华大学教授龙桂鲁介绍，传统保密通信分为密钥分发、密文传输双信道结构，而量子直接通 信技术使用单信道结构，在直接传递信息的同时，还能感知、阻止窃听，技术难度更高。 要实现星地量子直接通信，相关设备在抵达太空前，会面临重重考验。火箭升空的巨大加速度和剧烈振 动、太空中的极大温差和高能粒子辐射等影响，都可能导致相关器件损坏、失效。 "北京技术"由"北京箭"搭载升空。记者从北京量子信息科学研究院获悉，近日，该院星地量子直接通信 系统模块级验证圆满完成，标志着我国星地量子直接通信技术正式迈入空天地一体化量子直接通信网络 的构建阶段。 5月29日，本市商业航天企业箭元科技研发的元行者一号验证型火箭，完成了首次海上飞行回收试验。 这枚火箭上，搭载了两个小盒子，它们是北京量子院量子直接通信团队自主研发的量子直接通信激光器 模块和相位编码模块。 "当前北京商业航天领域的快速发展，给了我们更多机会。"龙桂鲁表示，航天标准器件的成本较高，团 队希望通过设计方式的改进，在实现目标任务的同时不断降低成本。例如，实现抗 ...

Group 1 - The core viewpoint of the news highlights the ongoing development and investment opportunities in China's commercial aerospace sector, particularly in reusable rockets and satellite applications [1][2]. - The CN5082 Aerospace Industry Index experienced a slight decline of 0.31% as of June 5, 2025, with mixed performance among constituent stocks [1]. - The top-performing stocks included Shanghai Hanyun, Changcheng Military Industry, and Narui Radar, while Guanglian Aviation and Aerospace Rainbow saw the largest declines [1]. Group 2 - Arrow Technology's Yuanhang-1 verification rocket successfully completed its first flight recovery test, indicating progress in China's commercial rocket development [1]. - Multiple commercial rocket development plans are underway, aiming for first flights by 2025, including Zhuque-3, Hyperbola-3, and Tianlong-3, in competition with SpaceX's Falcon 9 [1]. - The government is actively promoting the rapid development of commercial aerospace, with several launch sites planned across the country [1]. Group 3 - Huaxi Securities noted that the global commercial aerospace sector is accelerating the development of reusable rockets and low-orbit satellite constellations, marking a dual inflection point for China's commercial aerospace [2]. - The Aerospace ETF Tianhong has seen a significant increase in scale, growing by 400.82 million yuan over the past week, ranking in the top third among comparable funds [2]. - The Aerospace ETF Tianhong has achieved a 100% weekly profit percentage since its inception, with a maximum drawdown of 0.51% [2]. Group 4 - As of May 30, 2025, the top ten weighted stocks in the CN5082 Aerospace Industry Index accounted for 52.51% of the index, with companies like Guangqi Technology and AVIC Power leading the list [3]. - The performance of the top ten stocks varied, with Guangqi Technology experiencing a decline of 1.18% and AVIC Power down by 0.46% [5].

今天凌晨，国内首个"液氧甲烷+不锈钢+海上软着陆回收"火箭"元行者一号"验证型火箭，在海阳东方航 天港成功完成了首次海上飞行回收试验。此次试验的验证型火箭实现了国内首个"液氧甲烷+不锈钢+海 上软着陆回收"技术突破，标志着大尺寸不锈钢可复用运载火箭正式步入工程应用阶段。(央视新闻) ...