LiJian-2's first flight successful, launch cost reduced to 30,000 RMB per kilogram, accelerating the revolution in commercial spaceflight costs

In the news cycle, on the evening of March 30, at the Eastern Wind Commercial Aerospace Innovation Test Area, the Zhongke Yuzhou Lijian-2 Yao-1 launch vehicle and the International Expo Express successfully launched, precisely delivering the New Journey 01 satellite, the New Journey 02 satellite, and the Tianshi Satellite 01 into their planned orbits. Yang Haoliang, chief commander of Lijian-2, told media reporters that the Lijian-2 launch vehicle, when not recovered, has a per-launch cost of 30,000 yuan RMB per kilogram; compared with SpaceX’s Falcon 9 at 5,000 USD per kilogram, it is basically on par. After Lijian-2 achieves recovery in the future, its costs are also expected to drop to half of SpaceX’s.

Orient Securities stated that in recent times, China has made technological breakthroughs and test progress in the field of reusable rockets. China’s aerospace industry is getting closer and closer to “low cost and high reusability.” A technological breakthrough in China’s reusable rocket not only represents a cost revolution and technology upgrade within the aerospace industry, but also an important support point for national strategic security, upgrading of high-end manufacturing, and reshaping the global competitive landscape. In the long run, it will drive China to make the leap from an aerospace power to an aerospace superpower, providing important support for China to seize the initiative in the new round of scientific and technological revolution and industrial transformation.

HuaXia Aviation and Aerospace ETF (159227) closely tracks the Guozheng Aerospace and Aviation industry index. It is the index with the highest “military industry purity” in the entire market. The share of the Shenwan-level first-tier military industry is as high as 98.75%. The constituent stocks cover leading companies across the entire industrial chain, including fighter jets, aircraft engines, rockets, missiles, satellites, radars, and more. It perfectly fits the strategic direction of “integrating air and space.” It also deeply covers emerging areas such as large aircraft, commercial aerospace, and the low-altitude economy. The commercial aerospace content is as high as 69%, offering multiple core opportunities, such as one-click access to aerospace and defense industry, military trade going global, and large-scale commercial aerospace launches.

Daily Economic News

(Editor: Dong Pingping)

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