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一枚火箭冲天起,“链”成山东商业航天新棋局
Qi Lu Wan Bao Wang· 2025-10-11 23:36
发射前一日,海滨中路的酒店客房早早客满。"大多数客人都是为观看火箭发射而来。"一位前台工作人员表示。 2025年10月11日,黄海之滨,烟台海阳。 连理岛和万米金滩上,所有人的目光都聚焦于不远处那艘伫立在海天之间的发射船。船上,"引力一号(遥二)海澜之家(600398)号"运载火箭 如同白色的巨塔,静待一声令下。 "5,4,3,2,1,点火!" 上午10时20分,橘红色的火焰喷发,推动火箭拔地而起。10分钟后,载荷顺利入轨的消息传来,指挥中心和观礼现场爆发出热烈的掌声。 同日,山东省商业航天产业创新发展会议在海阳举行,这是山东首次在省级层面召开商业航天会议。 6公里半径内搞定火箭发射全流程 海阳,这座曾以"地雷战"和"亚沙会"闻名的滨海小城,如今有了"东方航天港"这张崭新的城市名片。 选择海阳,并非偶然。 地理的馈赠。山东绵长的海岸线,特别是东部海域,航线密度低、安全性高,是理想的天然发射场。海上发射航落区安全性好、轨道灵活,可 满足不同倾角卫星的发射需求。 这是"引力一号"的第二次苍穹远征,也是东方航天港保障的第20次海上发射。作为国内唯一的商业航天海上发射母港,东方航天港将火箭发射 全流程压缩在6公里半径 ...
全球最大固体火箭海阳再问天!山东的“航天一盘棋”下得有多大?
Qi Lu Wan Bao Wang· 2025-10-11 07:12
2025年10月11日,黄海之滨,烟台海阳。 发射前一日,这里已弥漫着航天气息。滨海中路的酒店客房早早客满,"大多数客人都是为观看火箭发 射而来。"一位前台工作人员表示。距离酒店不远的海面上,"东方航天港号"发射船已就位,静待次日 的重要时刻。 烟波浩渺,一色海天。连理岛和万米金滩上,所有人的目光都聚焦于不远处那艘伫立在海天之间的发射 船。船上,"引力一号(遥二)·海澜之家(600398)号"运载火箭如同白色的巨塔,静待一声令下。 "5,4,3,2,1,点火!" 上午10时20分,橘红色的火焰磅礴喷发,推动火箭拔地而起。紧接着巨大的轰鸣声撕裂长空的寂静,伴 随火箭冲向云霄。10分钟后,载荷顺利入轨的消息传来,指挥中心和观礼现场爆发出热烈的掌声。 这10分钟,是"引力一号"又一次成功的飞行。 这10分钟,对于山东而言,更是发起全面建设商业航天产业大省的冲锋号角。 同日,山东省商业航天产业创新发展会议在海阳举行,这是山东首次在省级层面召开商业航天会议,全 方位展示了山东发展商业航天的雄心与蓝图。 6公里半径内搞定火箭发射全流程 海阳,这座曾以"地雷战"和"亚沙会"闻名的滨海小城,如今正以"东方航天港"的崭新名片丰 ...
机械设备行业点评:商业航天运力是关键,高频发射产业拐点或将至
Western Securities· 2025-09-26 05:22
行业点评 | 机械设备 证券研究报告 2025 年 09 月 26 日 商业航天运力是关键,高频发射产业拐点或将至 事件:2025 年 7 月 27 日到 2025 年 8 月 26 日,GW 星座一共完成 6 次卫 星发射,截止 2025 年 9 月,GW 星座已完成 10 次发射 ,成功将 81 颗卫 星送入预定轨道。同时观察到,千帆星座在 2025 年 3 月完成一次组网星发 射后没有发射新的卫星,期间做了两次火箭招标均流标。推测可知,千帆星 座面临无火箭运力可用的情境,商业火箭作为商业航天运力的支撑,已成为 卫星互联网发展乃至商业航天发展的关键,考虑到星网的高频发射,以及 2025 年四季度及 2026 年上半年有多款中大型商业火箭首飞的预期,商业航 天拐点或将至,建议重点关注火箭配套环节。 蓝箭航天:2024 年 11 月,在 2024 珠海论坛-商业航天发展论坛现场, 蓝箭 航天 CEO 张昌武透露,公司正在研发的可重复使用火箭朱雀三号将于 2025 年迎来首飞,当年拟执行 3 次发射任务,可提供运力约 60 吨。同时,2026 年,朱雀三号拟交付发射 12 次,提供运力约 220 吨。或可推测, ...
6亿订单无人接:中国商业航天卡在“最后一公里”
Hu Xiu· 2025-09-07 09:52
Core Viewpoint - The Chinese commercial space industry is facing a significant bottleneck in rocket launch capacity, which is hindering the deployment of satellite constellations necessary for meeting international regulatory deadlines [1][3][13]. Group 1: Market Demand and Challenges - Shanghai Yuanxin Satellite Technology Co., Ltd. has a rocket launch order with a total budget of 616 million RMB, aimed at supporting its "Qianfan Constellation" satellite network [2]. - The repeated failures in the bidding process for this order highlight the lack of qualified private rocket companies capable of fulfilling large-scale launch contracts [3][4]. - The urgency for satellite companies is underscored by the International Telecommunication Union (ITU) rules, which impose strict deadlines for satellite launches to retain orbital and frequency resources [6][8]. Group 2: Current Launch Activity - As of mid-August 2025, China has conducted 35 space launches, a record for the first half of the year, with a notable increase in launch frequency driven by companies like China Star Network [9][11]. - China Star Network completed five network launches in a span of 21 days, successfully deploying 38 satellites using multiple types of rockets [9][10]. Group 3: Industry Dynamics - The commercial satellite market is experiencing a surge in contracts, with companies like Aerospace Hongtu signing a 990 million RMB contract for satellite and ground system procurement [4]. - Despite the high demand for satellite launches, the industry lacks a large-capacity liquid rocket comparable to SpaceX's Falcon 9, which poses a significant challenge for satellite deployment [4][21]. Group 4: Rocket Development and Prospects - The current bidding process by Yuanxin Satellite has revealed a shortage of suppliers capable of providing large-capacity launch services, indicating a critical gap in the market [13][16]. - Three private rocket companies—Tianbing Technology, Blue Arrow Aerospace, and CAS Space—have emerged as potential suppliers for upcoming launches, although none have completed a successful orbital flight yet [27][28]. Group 5: Future Outlook - The industry is witnessing a shift towards developing large-capacity, reusable liquid rockets, with companies like Tianbing Technology and Blue Arrow Aerospace focusing their resources on this goal [24][25]. - The establishment of new launch facilities and the readiness of suppliers for mass production are crucial steps towards addressing the current launch capacity bottleneck [28][29].
万颗卫星上天难
经济观察报· 2025-09-07 09:20
Core Viewpoint - The Chinese commercial space industry is facing a significant bottleneck in rocket launch capacity, which is hindering the deployment of satellite constellations despite a growing demand for satellite services [2][4][10]. Group 1: Market Demand and Challenges - A major rocket launch order worth 616 million RMB from Shanghai Yuanxin Satellite Technology Co. has repeatedly failed to attract enough bidders, highlighting the shortage of capable private rocket companies [2][4]. - The total number of satellites planned by Yuanxin's "Qianfan Constellation" and China Star Network's "GW Constellation" has exceeded 30,000, indicating a substantial demand for launch services [3][4]. - The urgency of satellite launches is emphasized by the International Telecommunication Union (ITU) rules, which impose strict deadlines for satellite deployment to retain orbital and frequency resources [7][8]. Group 2: Current Launch Capacity - As of mid-2025, the Chinese commercial space sector has not produced a liquid rocket that can match the capabilities of SpaceX's Falcon 9, which poses a challenge for satellite companies needing reliable and cost-effective launch options [4][10]. - The recent bidding process by Yuanxin Satellite revealed that there are not enough qualified suppliers to meet the demand for large-capacity launch services, underscoring the industry's operational limitations [12][18]. Group 3: Potential Solutions and Developments - The market is looking towards several upcoming rockets, such as Tianbing Technology's "Tianlong-3," Blue Arrow Aerospace's "Zhuque-3," and CAS Space's "Lijian-2," which are expected to meet the large-scale constellation deployment needs but have yet to complete their first flights [5][23]. - The infrastructure for high-density launches is being developed, with new launch sites and production capabilities being established to support the anticipated increase in launch frequency [24][25]. - The capital market is becoming more accessible for companies in the commercial space sector, with firms like Blue Arrow Aerospace and CAS Space entering the IPO preparatory phase to secure funding for future growth [25].
经观头条|万颗卫星上天难
Jing Ji Guan Cha Wang· 2025-09-07 06:07
Core Viewpoint - The Chinese commercial space industry is facing a significant bottleneck in rocket launch capacity, which is hindering the deployment of satellite constellations necessary for meeting international regulatory deadlines [2][4][11]. Group 1: Market Demand and Challenges - Shanghai Yuanxin Satellite Technology Co., Ltd. has a budget of 616 million RMB for a rocket launch order, but the bidding process has repeatedly failed due to insufficient qualified suppliers [2][12]. - The urgency for satellite companies is heightened by the International Telecommunication Union (ITU) rules, which impose strict deadlines for satellite launches to retain orbital and frequency resources [6][7]. - The total number of satellites planned by Yuanxin and another company has exceeded 30,000, indicating a high demand for launch services [3]. Group 2: Current Launch Capacity - Since 2014, China's private rocket companies have struggled to develop a large-capacity liquid launch vehicle comparable to SpaceX's Falcon 9, which limits the ability to meet the growing demand for satellite launches [3][18]. - The recent bidding failures highlight the lack of sufficient private rocket companies capable of providing the necessary launch services [4][13]. Group 3: Industry Developments - The market is looking towards several private companies, such as Tianbing Technology's "Tianlong 3," Blue Arrow Aerospace's "Zhuque 3," and CASIC's "Lijian 2," which are expected to meet the large-scale constellation deployment needs but have not yet completed their first flight tests [4][22]. - The recent procurement process by Yuanxin has seen the inclusion of three private rocket companies in the supplier list, marking a significant milestone for the industry [11][24]. Group 4: Financial and Production Readiness - The commercial space sector is witnessing increased investment and production readiness, with companies like Platinum Technology and Aerospace Technology reporting significant growth in their production capabilities [10][23]. - The capital market is becoming more accessible for commercial space companies, with some entering the IPO preparatory phase to secure funding for future projects [23]. Group 5: Future Outlook - The industry is at a critical juncture, awaiting the successful first flights of several key rockets, which will be essential for launching the planned satellite constellations and fulfilling market demand [24].
万颗卫星上天难
Jing Ji Guan Cha Wang· 2025-09-05 14:29
Core Viewpoint - The Chinese commercial space industry is facing a significant bottleneck in rocket launch capacity, which is hindering the deployment of satellite constellations necessary for various applications, including internet services and earth observation [1][2][3] Group 1: Market Demand and Challenges - Shanghai Yuanxin Satellite Technology Co., Ltd. has a budget of 616 million RMB for a rocket launch order to support its "Qianfan Constellation" project, but the bidding process has repeatedly failed due to insufficient qualified suppliers [1][2] - The total number of satellites declared by Yuanxin and another company has exceeded 30,000, indicating a high demand for launch services [2] - The urgency is compounded by the International Telecommunication Union (ITU) rules, which impose strict deadlines for satellite launches to retain orbital and frequency resources [4][5] Group 2: Current Launch Capacity - The current private rocket companies in China lack a large-capacity liquid rocket comparable to SpaceX's Falcon 9, which limits their ability to meet the growing demand for satellite launches [2][3] - The recent bidding results show that only a few private companies, such as Tianbing Technology and Blue Arrow Aerospace, have the potential to meet the launch requirements, but they have not yet completed their first flight tests [3][10] Group 3: Industry Developments - The market has seen significant contracts, such as a 990 million RMB deal signed by Aerospace Hongtu with an international client, indicating a thriving satellite industry despite the launch capacity issues [2][7] - The launch frequency and capacity of Chinese companies are lagging behind SpaceX, which completed 100 orbital launches in the first eight months of 2025 alone [6][11] Group 4: Future Prospects - The industry is witnessing a shift towards developing large-capacity, reusable liquid rockets, with companies like Tianbing Technology and Blue Arrow Aerospace focusing their resources on this goal [17][18] - The infrastructure for high-density launches is being developed, with new launch sites and facilities being established to support future rocket launches [20][21] - The successful completion of initial flights for the new generation of rockets is critical for the satellite companies to proceed with their deployment plans [18][21]
解决火箭运力不足问题,广东推动液体燃料技术攻关
Xuan Gu Bao· 2025-08-19 23:29
Group 1 - The Guangdong Provincial Government has issued policies to promote high-quality development in commercial aerospace from 2025 to 2028, focusing on encouraging enterprises to develop core technologies in reusable liquid rocket engines [1] - The provincial government will provide up to 50% matching funding support for national major science and technology projects that meet specific conditions, and will implement a 100% pre-tax deduction policy for corporate R&D expenditures [1] - Liquid fuel rockets are becoming the mainstream choice for the next generation of reusable rockets due to their adjustable thrust, strong restart capability, and high system adaptability [1] Group 2 - Guotai Junan Securities indicates that the current insufficient rocket capacity in China is a core bottleneck for low Earth orbit satellite networking, and developing reusable rockets and liquid fuel technologies is key to enhancing capacity [1] - It is estimated that by 2030, an average of 64 rockets per year will be needed to meet the planned networking requirements, with the rocket market expected to reach a scale of 100 billion by 2030 [1] - CITIC Securities points out that several large-capacity private liquid rockets, such as Zhuque-3 from Blue Arrow Aerospace and Tianlong-3 from Tianbing Technology, are set to make their maiden flights in the second half of 2025, marking a breakthrough in the commercialization of private liquid rockets [1] Group 3 - Srey New Materials has initiated the construction of a project for the industrialization of materials, parts, and components for liquid rocket engine thrust chambers [2] - Taisheng Wind Power's rocket storage tank is a key pressure vessel used for storing liquid rocket propellants, including fuel and oxidizers, and is one of the core components of launch vehicles [2]
商业航天领域将培育出多个千亿元级产业集群
Zheng Quan Ri Bao· 2025-08-18 16:14
Group 1 - The commercial space industry in China is showing strong development momentum, with expectations that the market size will exceed 1 trillion yuan by 2025, potentially fostering multiple 100 billion yuan industry clusters [1] - The frequency of rocket launches has increased significantly, with the China Aerospace Science and Technology Corporation achieving a "three launches in one week" rhythm, indicating the onset of a high-density launch era for satellite internet [1] - The launch of new reusable rockets such as Zhuque-3 and Tianlong-3 is set for the second half of 2025, validating the high-frequency launch capabilities of China's first commercial space launch site [2] Group 2 - The cost of launching rockets is decreasing, with the target launch cost for Zhuque-3 expected to drop to 20,000 yuan per kilogram, while Tianlong-3 has already achieved a similar cost, which is below the global average [3] - The commercial space sector is experiencing a dual explosion of industry and capital, as evidenced by Beijing Aerospace Yuxing Technology Co., which recently completed a 430 million yuan C+ round of financing for satellite internet infrastructure development [3] - The satellite internet network construction is accelerating, with major satellite constellations expected to enter the launch acceleration phase between 2025 and 2026, creating opportunities across the entire commercial space industry chain [4]
产业与资本共振 商业航天产业发展“如火如荼”
Zheng Quan Ri Bao Wang· 2025-08-18 13:59
Core Insights - The commercial space industry in China is experiencing strong growth momentum, with expectations to exceed 1 trillion yuan by 2025, supported by technological breakthroughs, policy support, and market demand [1][2] - The frequency of satellite launches is increasing, with a record of "three launches in a week" achieved recently, indicating the onset of a high-density launch era for satellite internet [1][3] Group 1: Launch Capabilities and Developments - The successful launches of Long March 6 and Long March 4B rockets demonstrate China's advancing capabilities in satellite deployment [1] - New reusable rockets such as Zhuque-3, Tianlong-3, and Lijian-2 are set for their first test flights in the second half of 2025, enhancing launch frequency and capabilities [2] - The Hainan commercial space launch site is expected to achieve an annual launch capacity of over 60 missions, with ongoing construction of additional launch facilities [2] Group 2: Cost Efficiency and Market Dynamics - The cost of launching commercial rockets in China is competitive, with prices controlled under 30,000 yuan per kilogram, and further reductions anticipated as technology advances [3] - The launch cost of Zhuque-3 is projected to decrease to 20,000 yuan per kilogram, while Tianlong-3 has already achieved this cost level, indicating a trend towards improved cost efficiency [3] - The commercial space sector is witnessing a dual explosion of industry and capital, exemplified by Beijing Aerospace Yuxing Technology's recent 430 million yuan financing round [3] Group 3: IPO and Investment Opportunities - Several companies, including Blue Arrow Aerospace and Jiangsu Yixin Aerospace Technology, have initiated IPO preparations, signaling a growing interest in the commercial space sector [4] - The acceleration of satellite internet deployment and advancements in ground infrastructure are expected to create significant development opportunities across the commercial space industry [4] - Increased funding and the potential for more frequent rocket launches are anticipated to alleviate commercialization pressures and promote a closed-loop industry model by 2025 [4]