Securities Daily: Promoting the Development of Commercial Aerospace onto the Fast Track, Private Rocket Intensively Launched into Aerospace | China | Development
On July 12th, the Zhuque 2 liquid oxygen methane carrier rocket, independently developed by Blue Arrow Space, was successfully launched at the Jiuquan Satellite Launch Center. As a result, Blue Arrow Aerospace achieved a breakthrough in its technological route, becoming the world's first private commercial rocket company to launch liquid oxygen methane rockets into orbit. This marks a significant breakthrough for China's aerospace industry in the application of new low-cost liquid propellant launch vehicles.
On July 22nd, Xinghe Power Aerospace Company successfully launched the Gu Shen Xing 1 Yao Liu carrier rocket from the Jiuquan Satellite Launch Center. According to Xinghe Power, this launch marks the start of a high-density launch delivery cycle in the second half of the year, and the following seven launches are expected to be completed by the first quarter of next year.
Not only private rockets are densely entering the sky, but downstream satellite enterprises are also entering a new milestone. On July 23rd, China successfully launched its first flexible solar wing flat communication satellite
After seven or eight years of technological accumulation, China's commercial aerospace has achieved fruitful results. High quality private aerospace enterprises have demonstrated strong innovation capabilities and development potential, becoming an important force in promoting commercial aerospace innovation in China.
On the one hand, the number of private aerospace enterprises is constantly increasing. The 2022 China Commercial Aerospace Industry Investment Report shows that since 2015, the number of registered and effectively operated commercial aerospace enterprises in China has reached 433, covering multiple fields such as rocket manufacturing, satellite research and development, and space technology exploration, becoming an important force in promoting the development of China's commercial aerospace industry.
On the other hand, the funding scale of private aerospace enterprises is also constantly expanding. The financing amount of some top private aerospace enterprises has reached hundreds of millions of dollars, indicating that the capital market is very optimistic about the prospects of private aerospace enterprises. The support of these funds not only provides sufficient R&D and production funds for enterprises, but also lays a solid foundation for private aerospace enterprises to further explore the market and improve their technological level. For example, Blue Arrow Aerospace has started the development of reusable rockets, which is an important breakthrough in commercial aerospace technology.
However, China's commercial aerospace industry started late, and in recent years, some companies have ultimately withdrawn from the market due to launch failures. This is because aerospace technology is a complex and high-end technology that requires a high level of technical expertise and rich experience. Private aerospace enterprises may face challenges such as insufficient technology accumulation, high research and development costs, and long research and development cycles when carrying out technological innovation.
The author believes that with the intensive launch of private rockets, private aerospace enterprises have entered a new research and development cycle. With the improvement of policy environment and the maturity of the market, it is believed that private aerospace enterprises will continue to play their innovative role and promote the development of commercial aerospace into the fast lane.
