a C 9 邸凤萍 教卫星学会"算账" 让"星池计划"照亮百业 ——专访椭圆时空创始人兼总裁邸凤萍 ◎记者 邹俭朴 伊妹儿 当一家以卫星应用为主业的商业航天公司不再专注于售卖"卫星照片"，它还能干什么？随着近期完成数 亿元C1轮融资，椭圆时空（北京）科技有限公司（简称"椭圆时空"）给出的答案愈发清晰，企业创始 人兼总裁邸凤萍日前接受上海证券报记者专访，深度阐述了这家航天企业的创新逻辑、商业路径与发展 蓝图。 技术领跑：让卫星学会"在轨算账" "传统遥感卖的是照片，我们提供的是即时信息服务。"邸凤萍的开场白，划出了两个时代的"楚河汉 界"。 她以森林火灾应急和电力电网智能巡检为例："传统模式火情发现研判需数小时，椭圆时空的技术可在 10秒内完成火点识别与信息推送，效率提升数百倍；在电力电网智能巡检中，传统隐患发现需2至8小 时，复杂情况甚至需要数天，我们可在5至10分钟内完成异常发现、识别与预警，实现主动防控，大幅 提升应急与巡检效率，降低灾害与运维损失。" "随着'太空具身智能服务'体系建设和'星池计划'推进，我们在全球商业航天领域划出了属于自己的独特 赛道。"邸凤萍介绍，椭圆时空自创立之初便锚定"应用需求驱 ...

Investment Rating - The report does not explicitly state an investment rating for the commercial aerospace industry Core Insights - The Long March 12甲遥一 rocket flight test was successfully completed, with the second stage entering the designated orbit, although the first stage was not successfully recovered [6] - The Shanghai Stock Exchange released guidelines for the fifth set of listing standards for commercial rocket companies, focusing on market capitalization and R&D rather than revenue and profit [10] - The 2025 Third Commercial Aerospace Development Conference was held in Beijing, highlighting key technology innovations and the establishment of a 2 billion yuan fund for commercial aerospace [12][13] - Blue Arrow Aerospace completed its IPO counseling work, indicating readiness for public offering [16] Summary by Sections Industry Development Dynamics - The Long March 12甲遥一 rocket was launched on December 23, 2025, achieving key flight data despite not recovering the first stage [6] - The new listing standards for commercial rocket companies emphasize "market value + R&D" as evaluation criteria, facilitating IPO applications [10] - The Third Commercial Aerospace Development Conference focused on technology innovation and industry collaboration, with a new fund established to support high-growth startups [12][13] - Blue Arrow Aerospace has completed its IPO counseling, preparing for its public offering [16] Industry Financing Progress - Elliptical Space completed a financing round of several hundred million yuan to advance its "Star Pool Project," which involves a constellation of 112 intelligent satellites [18][19] - Xingyi Space secured nearly 300 million yuan in Pre-A financing to enhance its global measurement and control capabilities [23][24] Capital Market Performance - The Wind Commercial Aerospace Index saw an 8.36% increase in the week of December 22-26, 2025, with a trading volume of 542.1 billion yuan [27] - 88.89% of the companies in the commercial aerospace sector experienced stock price increases during this period, with notable gains from companies like Chaojie Co., China Satellite, and Beidou Star [30]