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Valuation exceeds one trillion yuan, commercial spaceflight enters a period of explosive growth

K-LinePoet
Reporters learned that as the global commercial space industry accelerates, China’s commercial space sector is also entering a period of rapid growth. Data show that by the end of 2025, China’s commercial space companies have exceeded 600. In terms of financing, the total industry financing in 2025 is approximately 18.6 billion yuan, up 32% year over year. On the policy front, commercial space has been included in the government work report for two consecutive years, and the “15th Five-Year Plan” outline proposes accelerating the building of a space power. From a capital-market perspective, the STAR Market has categorized commercial space as a key area for support. According to reporters’ statistics, in 2026, more than ten companies in the industrial chain have started to pursue IPOs. According to securities firms’ research reports, the valuation of China’s commercial space industry has already exceeded 1 trillion yuan. Against the backdrop of continuously expanding room for industry growth, capital markets’ attention to commercial space is shifting from early concept-driven momentum to capabilities such as order acquisition, batch production, and commercialization and real-world implementation. (CCTV Finance)
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