Core Viewpoint - The Chinese commercial aerospace industry is accelerating its development, with private companies increasingly taking on roles traditionally held by state-owned enterprises, particularly in system-level projects [2][4][11]. Group 1: Company Developments - Beijing Wina Star Technology Co., Ltd. (Wina Star) has officially confirmed winning the bid for the "Huan Tian Satellite Constellation Construction" project, with a contract value of 804 million RMB [2][4]. - Wina Star will develop a constellation of 10 remote sensing micro-satellites, including 4 optical satellites and 6 SAR satellites, and will be responsible for satellite launch and network integration [5]. - On the same day, Star River Power Aerospace successfully completed the launch of four satellites into low Earth orbit as part of its "Tianqi Constellation" project [3][7]. Group 2: Industry Trends - The domestic commercial aerospace sector is transitioning from "single satellite verification" and "experimental exploration" to "mass production" and "scale networking" [3]. - The establishment of Wina Star's project is indicative of a broader trend where private enterprises are deeply involved in space infrastructure, marking a shift in the industry dynamics [6][12]. - The Chinese commercial aerospace market is projected to reach a scale of 2.5 trillion to 2.8 trillion RMB by 2025 [16]. Group 3: Government Support and Policy - The Chinese government has been actively promoting the commercial aerospace sector as a new growth engine, with various policies encouraging private capital participation in national space infrastructure [11][12]. - Local governments are also supporting commercial aerospace initiatives, with specific policies aimed at fostering regional economic development through aerospace projects [14]. - The "Sichuan Province Commercial Aerospace High-Quality Development Action Plan (2025-2030)" aims for the industry to reach a scale of 100 billion RMB by 2030 [15].

由民营企业深度参与甚至主导的模式，正成为天基"新基建"浪 潮中的一个新方向。 作者： 郑晨烨 封图：图虫创意 2025年的中国商业航天，开始加速向前奔跑，其中一个值得关注的信号就是，2025年民营航天企 业开始越来越多地承担起以往由"国家队"主导的系统级工程。 5月19日，经济观察报记者从北京微纳星空科技有限公司（下称"微纳星空"）获悉，该公司已正式 确认中标"环天卫星星座建设"项目，中标金额高达8.04亿元人民币。 对于一家成立于2017年的民营商业航天企业而言，这一体量的订单意义不言而喻。 无独有偶，同样在5月19日，星河动力航天公司在山东附近海域圆满完成谷神星一号海射型发射任 务，顺利将"天启星座"一期第34—37星共 4 颗卫星搭载送入高度 850km、倾角 45°的近地轨道； 在此前的5月14日，成都的国星宇航科技有限公司（下称"国星宇航"）也成功发射了号称"全球首 个"的太空计算星座。 "国内商业航天的星座建设，正从过去的'单星验证'、'试验探索'阶段，加速迈向'批量制造'、'规 模组网'。"一位长期关注商业航天赛道的投资人向记者表示。 加速奔跑 5月18日，全国公共资源交易平台（四川省）公示，微 ...