Новая модель ракеты готова к запуску: многогранные преимущества коммерческой космонавтики продолжают набирать обороты

A series of new rocket models are ready for launch, which is expected to bring new catalysts to the development of commercial spaceflight.

An interview with a reporter from Shanghai Securities News learned that reusable rocket in-orbit and recovery tests remain the focus; once a breakthrough occurs in the technology, it will strongly推动 industry development. Meanwhile, the narrative map of the space economy continues to expand.

Breakthroughs in Recoverable Technology Become an Industrial Focus

In early March, CASC宇航 and Deep Blue Aerospace successively updated their rocket launch plans. CASC宇航’s recoverable liquid-propellant carrier rocket “力箭二号” plans its maiden flight in late March; it will carry the initial sample of China’s “轻舟一号” cargo spacecraft to carry out the launch. Subsequently, it will assume tasks such as building a satellite internet for networking and major national missions; within the year, 4 launch missions have already been approved.

Deep Blue Aerospace’s first “Starry Sky One” rocket, “入轨+可回收,” had already set off from the Wuxi base last year and is currently standing at the launch site in Shandong. The inaugural mission not only needs to achieve orbit insertion, but will also attempt vertical recovery of the first-stage rocket.

After the launch of China’s two types of reusable rockets “朱雀三号” and “长征十二号甲” in late 2025, this year’s in-orbit and recovery tests for multiple types of reusable rockets have become the most watched and most critical progress in the industry.

Asked about the reasons, Wang Zijing, Assistant Director of Research Institute and Chief Analyst for Computers at Soochow Securities Research Institute, said:

First, in the past, commercial spaceflight faced the situation of “many satellites but few rockets”—although there are numerous satellite launch plans, the scale of rocket supply cannot keep up. If reusable rockets achieve a breakthrough, it can greatly ease the current supply-demand imbalance in terms of launch costs and frequency, thereby laying a solid foundation for large-scale constellation deployment and subsequent applications of commercial spaceflight.

Second, a technological breakthrough will provide key prerequisites for the industry’s large-scale expansion. Once standardized technical solutions are formed, they can rely on China’s strong manufacturing base to achieve rapid replication and mass production, further driving the development of the commercial spaceflight upstream and downstream industrial chains and exerting a broader economic stimulus effect.

Finally, a technological breakthrough will attract more resources to focus on the commercial spaceflight sector. Especially, it will guide first-tier and second-tier market capital to increase support for the industry, further promoting the growth of the sector.

The Space Economy Narrative Accelerates

As hot as reusable rockets is global competition for low-orbit satellite resources—at the beginning of 2026, China and the United States have both applied for 200k and 1 million satellite-orbit resource slots, respectively.

“Factually, low-orbit satellites are not a new concept.” Li Hanjun, Co-Executive Dean of the Shanghai Songjiang Xintong Intelligent Industrial Technology Research Institute, said, “As early as 1987, Motorola proposed building the world’s first commercial low-orbit satellite communication system—the Iridium system. Today, the key reason behind the competition for orbital resources is that SpaceX’s ‘Starlink’ satellite internet service confirms the strategic importance and profitability potential. Last year, the company’s users surpassed 10 million, fully proving the commercial prospects of low-orbit satellite networks.”

At the MWC2026 World Mobile Communications Conference held in early March, SpaceX announced the launch of a new brand, Starlink Mobile (satellite direct-to-phone business), marking a comprehensive strategic shift of its business focus from tablet users to direct-to-phone for mobile. Tablet users need to carry dedicated tablet devices (or fixed terminals) to use satellite networks, whereas with phone direct-to-satellite technology, its user base is expected to expand to a massive scale of 4 billion terminals.

The space economy also has even broader and grand narratives: space computing power, space tourism, space manufacturing, space mining… scenes that once existed only in science fiction are expected to become reality, nurturing future industrial tracks at the trillion-level.

Wang Zijing believes that among these tracks, space tourism and space computing are being steadily advanced: in 2025, China has already attempted launches of computing-power satellites; by 2028, commercial crewed missions may carry out their first flights.

As for space infrastructure or space mining, although it is more distant, the imagination space is also wider. Wang Zijing explained using space mining as an example: previously, the Changzheng series rockets carried the Chang’e probes, which have successfully brought back lunar soil; this can be seen as a prototype of space mining. This means the direction is not beyond reach, but in the future it will still need to bridge a technological gap.

Multiple Catalysts Will Strengthen Market Confidence

Currently, commercial spaceflight is entering a phase with multiple catalysts, which will strengthen market confidence.

On the policy front, the 2026 Government Work Report first proposed “accelerating the development of satellite internet,” and listed aerospace and aviation as one of the emerging pillar industries. The “14th Five-Year Plan for the period 2026-2030”纲要 proposes “improving civilian space infrastructure, coordinating the construction of satellite communication, navigation, and remote sensing systems, and accelerating the formation of satellite internet constellations in low orbit.”

On the commercial front, Lu Xianqing, a senior investment advisor at Huizheng Finance and Commerce, said that the investment logic for commercial spaceflight has gradually shifted from theme-driven to performance verification. Currently, China’s commercial spaceflight launch costs have fallen significantly, and launch cycles have been shortened, which is driving growth in the supply volume of components.

On the technology front, in addition to the launch of new rocket models in China, SpaceX also plans to launch the Starship V3 version in April. If successful, it will once again break through the limits of reusable rockets’ capabilities, significantly boosting the industry’s outlook.

On the capital front, according to time schedules estimated by industry insiders, domestic leading companies such as Blue Arrow Aerospace and CASC宇航 have already entered the “fast track” for listing; SpaceX expects to start its IPO around mid-year, with a valuation that may reach as high as 1.5 trillion USD. “These developments will not only attract global capital to focus on the aerospace sector, but will also significantly raise the valuation center of relevant A-share companies,” Wang Zijing said.