Core Viewpoint - The development of commercial space tourism in China is gaining momentum, with several companies launching initiatives to make space travel accessible to the general public, including the introduction of the "CYZ1" spacecraft by Beijing ChuanYue Space Technology Co., which aims for its first commercial flight by 2028 [1][2][5]. Group 1: Company Initiatives - The "CYZ1" spacecraft is the first domestically designed reusable manned spacecraft targeting end consumers, with a maximum capacity of 7 passengers and a flight height of up to 220 kilometers [2][5]. - Other companies, such as Beijing Ziwei Yutong Technology Co. and China Aerospace Technology Co., are also developing space tourism projects, with plans for manned flights by 2028 [5][6]. - The "Li Hong 2" spacecraft, developed by China Aerospace Technology Co., is designed for both scientific experiments and space tourism, with a reusability target of at least 30 flights [6]. Group 2: Technical Aspects - The "CYZ1" spacecraft features a unique escape design and a reusable system, with a spacious return cabin of 21 square meters [5]. - Key technologies for successful space tourism include safety redundancy, reliable subsystems, and repeatable verification processes, which are still under development [9]. - The spacecraft's landing system incorporates multiple safety features to ensure that ordinary people can endure the experience [5][9]. Group 3: Market Potential - The global space tourism market is expanding, with a focus on suborbital flights, which have become a hot topic in commercial space endeavors [11]. - Internationally, companies like Virgin Galactic and Blue Origin have established operational space tourism programs, indicating a growing demand for such experiences [12][13]. - The pre-sale price for tickets on the "CYZ1" is set at 3 million RMB, with nearly 20 tickets already pre-sold, reflecting strong market interest [15].

Core Insights - The article discusses the rapid development of commercial space tourism in China, particularly focusing on suborbital flights as a new opportunity for the public to experience space travel [3][5][10] - Beijing Chuangyue Space Technology Co., Ltd. announced its "Chuangyue No. 1" suborbital flight plan, marking a significant step in China's commercial space tourism [3][5] - The article highlights the competitive landscape of suborbital flight providers in China, including the "Chuangyue No. 1" and the "Lihong No. 2" from China Aerospace Science and Technology Corporation [5][6] Suborbital Flight Experience - Suborbital flight involves reaching the edge of space, approximately 100 kilometers high, with a total journey time of about 2.5 hours, including a core experience of around 12 minutes in space [3][4] - Passengers will experience 3-4G of overload during ascent and a 3-6 minute period of weightlessness after crossing the Kármán line, providing a unique sensation of floating [4][6] - The flight experience is enhanced by specially designed windows that offer a 45-degree wide view while filtering harmful radiation [4] Key Players in the Market - "Chuangyue No. 1" is a focal point in the market, weighing 8 tons with a maximum diameter of 5 meters, and aims for a commercial launch in 2028 with a ticket price of approximately 3 million yuan [5][6] - The "Lihong No. 2" is another significant player, designed for both tourism and scientific experiments, with a maximum flight height of 108 kilometers and a capacity for 7 passengers [6][8] - Other companies, such as Deep Blue Aerospace, are also entering the commercial space market, with plans for suborbital flight ticket sales starting in 2024 [6][7] Cost Reduction and Market Growth - The article notes that the ticket prices for suborbital flights are currently in the hundreds of thousands of yuan range but are expected to decrease to tens of thousands of yuan due to technological advancements and policy support [7][8] - The use of reusable spacecraft can potentially reduce launch costs by over 70%, making space travel more accessible [7][8] - The establishment of the Commercial Space Administration in November 2025 is expected to further support the growth of the commercial space industry in China [7][8] Future Developments - The article mentions that the development of orbital-class commercial spacecraft is on the agenda, aiming to allow tourists to stay in space for several days and participate in scientific experiments [10][11] - The long-term vision of Beijing Chuangyue includes plans for a space hotel and lunar orbit tourism by 2038, with a goal to reduce ticket prices to around 300,000 yuan [11][12] - The advancements in space technology are expected to extend beyond tourism, impacting various industries such as materials science and biotechnology [9][10]

1月28日，中国航天科技集团商业火箭有限公司（以下简称"中国商火"）消息显示，中国商火近期召开 2026年度工作会议。会议强调，2026年是"十五五"开局之年，也是中国商火夯实基础、全面发力的关键 之年。中国商火将深化资源统筹，誓保首飞和回收成功。 此前，中国航天科技集团有限公司于1月15日召开的2026年度工作会议提出，2026年要统筹宇航重大工 程实施与产业化转型，深入推进载人登月、深空探测等重大工程，全力突破重复使用火箭技术，加速推 动航天强国建设。 2025年以来，已有两枚国产可重复使用火箭实现首飞入轨，预计2026年，多枚火箭将陆续首飞并尝试回 收。 技术攻坚合力形成 在发力重复使用火箭技术突破的队列中，既有国有企业，也有民营企业。 同时，多枚国产可重复使用火箭即将首飞。2026年，双曲线三号以及星云一号等国产可重复使用火箭亦 有望陆续首飞并尝试回收。北京星河动力航天科技股份有限公司相关负责人告诉《证券日报》记者， 2026年，智神星一号完成首飞后，公司也将对其开展回收尝试。 新机遇将持续涌现 可重复使用火箭技术突破是商业航天降本的关键，能大幅压缩发射成本，进而催生卫星组网、太空基建 等多元应用场景 ...

在可重复使用方向，蓝箭航天持续推进垂直起降（VTVL）技术演进，于2025年12月完成朱雀三号首飞 工作，标志着我国重复使用火箭首次实现工程化实践。 【导读】蓝箭航天、银河航天等头部民营商业航天公司在北京商业航天展集中展示 1月23日至1月25日，以"汇聚全球资源、共促商业航天"为主题的2026北京国际商业航天展览会在北京亦 庄举办。 在展会现场，中国基金报记者注意到，蓝箭航天、银河航天、中科宇航、星河动力等头部民营商业航天 公司在此次商业航天展上集中展示。现场人气爆棚，不少家长带小孩前来参观，互动热烈。 目前，美国已有两家商业航天公司上市，火箭实验室目前市值为474亿美元（约合3300亿元人民币）， 马斯克旗下的SpaceX有望在2026年上市。 在国内，蓝箭航天IPO进入"已问询"阶段，中科宇航已完成IPO辅导，天兵科技、星河动力、星际荣耀 等公司正处于IPO辅导阶段。 民营商业航天公司集中展示 在此次商业航天展览会上，蓝箭航天携全球首款连续发射成功的液氧甲烷火箭——朱雀二号改进型模 型，以及已完成中国商业航天首次可重复使用火箭轨道级发射验证的朱雀三号模型亮相，集中呈现公司 下一代可重复使用火箭的关键技术 ...

【导读】蓝箭航天、银河航天等头部民营商业航天公司在北京商业航天展集中展示 中国基金报记者 卢鸰 1月23日至1月25日，以"汇聚全球资源、共促商业航天"为主题的2026北京国际商业航天展览会在北京亦 庄举办。 在展会现场，中国基金报记者注意到，蓝箭航天、银河航天、中科宇航、星河动力等头部民营商业航天 公司在此次商业航天展上集中展示。现场人气爆棚，不少家长带小孩前来参观，互动热烈。 目前，美国已有两家商业航天公司上市，火箭实验室目前市值为474亿美元（约合3300亿元人民币）， 马斯克旗下的SpaceX有望在2026年上市。 在国内，蓝箭航天IPO进入"已问询"阶段，中科宇航已完成IPO辅导，天兵科技、星河动力、星际荣耀 等公司正处于IPO辅导阶段。 民营商业航天公司集中展示 在此次商业航天展览会上，蓝箭航天携全球首款连续发射成功的液氧甲烷火箭——朱雀二号改进型模 型，以及已完成中国商业航天首次可重复使用火箭轨道级发射验证的朱雀三号模型亮相，集中呈现公司 下一代可重复使用火箭的关键技术方案。 2023年至2025年，蓝箭航天自主研制的朱雀二号及其改进型火箭实现连续4次发射成功。其中，朱雀二 号已成为全球首款成功 ...

【导读】蓝箭航天、银河航天等头部民营商业航天公司在北京商业航天展集中展示 中国基金报记者 卢鸰 1月23日至1月25日，以"汇聚全球资源、共促商业航天"为主题的2026北京国际商业航天展 览会在北京亦庄举办。 在展会现场，中国基金报记者注意到，蓝箭航天、银河航天、中科宇航、星河动力等头部民 营商业航天公司在此次商业航天展上集中展示。现场人气爆棚，不少家长带小孩前来参观， 互动热烈。 目前，美国已有两家商业航天公司上市，火箭实验室目前市值为474亿美元（约合3300亿元 人民币），马斯克旗下的SpaceX有望在2026年上市。 在国内，蓝箭航天IPO进入"已问询"阶段，中科宇航已完成IPO辅导，天兵科技、星河动力、 星际荣耀等公司正处于IPO辅导阶段。 民营商业航天公司集中展示 在此次商业航天展览会上，蓝箭航天携全球首款连续发射成功的液氧甲烷火箭——朱雀二号 改进型模型，以及已完成中国商业航天首次可重复使用火箭轨道级发射验证的朱雀三号模型 亮相，集中呈现公司下一代可重复使用火箭的关键技术方案。 2023年至2025年，蓝箭航天自主研制的朱雀二号及其改进型火箭实现连续4次发射成功。其 中，朱雀二号已成为全球首款成 ...