The commercial space sector showed signs of recovery, with Drinda (02865) surging 11.53% to HK$38.64 by press time, APT SATELLITE (01045) rising 6.33% to HK$4.37, C STRATEGIC TEC (01725) gaining 1.15% to HK$0.88, and GOLDWIND (02208) edging up 0.58% to HK$15.67. On January 29, China Aerospace Science and Technology Corporation announced that China's commercial space industry has established a solid development foundation, describing the next decade as crucial for accelerating the nation's aerospace power development and fostering new quality productive forces. The corporation further revealed that China's commercial space sector will fully implement the "155" strategy, where "1" signifies anchoring world-class objectives while establishing a commercial spacecraft and application industry chain with advanced technology, superior products, robust supply chains, and high-quality services based on "five first-class" standards. Soochow Securities noted that by 2026, the industry is poised for multiple catalysts including technological closure, order releases, and capital premium expansion. With the Long March 10A and Zhuque-3 Yao-2 reusable rockets entering intensive maiden flight phases, coupled with pressure from SpaceX's Starship V3 testing in Q1 2026, China's commercial space sector is being compelled into a strategic fast lane of "accelerated catch-up," solidifying its uniqueness as a national strategic emerging industry. The global commercial space market is projected to exceed $500 billion by 2025, reaching $800 billion by 2030, with a compound annual growth rate of approximately 10% from 2025 to 2030.
Comments