朱雀二号液体火箭

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马斯克星舰成功完成第11次试飞,“中国星舰”正奔向星辰大海
Jing Ji Guan Cha Wang· 2025-10-15 10:54
经观新科技 北京时间10月14日,马斯克旗下SpaceX公司的新一代重型运载火箭"星舰"(Starship)发射升空,圆满完成星舰第11次综合飞行测试。 再如正在港交所申请IPO的国星宇航,公司业务主要为"造卫星、管卫星和用卫星"。2024年,公司星基解决方案营收超过总营收的70%,一家国内大型数字 创意产业为了应用元宇宙技术,购买了国新宇航一体化的卫星数字孪生系统,该系统将帮助该客户快速构建元宇宙三维场景。 尽管商业模式清晰,但上述两家中国商业航天公司到目前尚未盈利。据公开信息,蓝箭航天2023年、2024年净亏损分别为11.77亿元和10.15亿元。国星宇航 2022—2024年亏损净额分别为9090.7万元、1.39亿元、1.77亿元及1.92亿元。 如何投资"中国星舰" Space X估值已超2000亿美元,2024年融资260亿美元,尚未在美股上市。目前,国内新兴商业航天公司也尚无在A股、港股上市的企业,这也意味着普通投 资者无法购买其股票。 截至2025年10月初,蓝箭航天的IPO进程处于上市辅导阶段,尚未进入正式申报或路演环节。该公司拟在上交所科创板上市,辅导机构为中国国际金融股份 有限公司,这 ...
金融资本助力“飞天梦”携手托举中国航空航天产业崛起
Zhong Guo Zheng Quan Bao· 2025-06-22 20:53
Core Insights - The Chinese aerospace industry is experiencing rapid growth, driven by significant advancements in technology and strong support from investment institutions [1][2][3] - Investment institutions are playing a crucial role in fostering the development of aerospace companies, particularly through early-stage investments and strategic support [4][5][6] Policy Support - The Chinese government has consistently positioned aerospace as a strategic emerging industry, with numerous policies aimed at promoting commercial aerospace and low-altitude economy [2][3] - Recent policies, including the inclusion of commercial aerospace in government work reports, have laid a solid institutional foundation for high-quality development in the aerospace sector [2][3] Investment Opportunities - The commercial aerospace sector is projected to grow significantly, with global revenue reaching approximately $298 billion in 2018 and a compound annual growth rate of about 7% over the past five years [3] - Investment institutions are optimistic about the prospects of the aerospace industry, particularly in areas such as civil aviation, commercial space demand, and low-altitude economic scenarios [2][3] Capital Empowerment - Investment institutions emphasize the importance of a multi-tiered financing system to support aerospace development, including early-stage investments and public fund participation [4][5] - The concept of "patient capital" is highlighted, as the aerospace industry often requires long-term support for technology commercialization and industrialization [4][5] Successful Investment Cases - Notable investment cases include Galaxy Aerospace, recognized as China's first aerospace unicorn, and Blue Arrow Aerospace, which has developed key technologies in liquid rocket engines [4][5] - Investment institutions have also engaged in various projects across the aerospace value chain, driving innovation and collaboration among upstream and downstream enterprises [5][6] Future Trends - The satellite internet sector and low-altitude economic opportunities, such as drone logistics and eVTOL, are identified as key investment areas for the future [6][7] - The year 2025 is anticipated to mark a significant milestone for the low-altitude economy, with expectations for the commercial operation of eVTOLs [7][8] Collaborative Efforts - Investment institutions are encouraged to strengthen partnerships with research institutions and universities to enhance innovation and technology transfer [8] - The collaboration between public and private investment entities is seen as essential for discovering quality projects and fostering a healthy cycle between primary and secondary markets [8]