Significant progress has been achieved once again in China's reusable rocket sector. According to the China Academy of Launch Vehicle Technology, on April 11th, the first 5-meter-diameter composite material power cabin product developed by the institute was officially completed. This power cabin represents the largest integrated composite material section for reusable launch vehicles in China's aerospace field, marking a breakthrough in the institute's manufacturing technology innovation and providing strong support for the advancement of major national engineering missions.
The successful development of this power cabin signifies a major breakthrough in China's manufacturing technology for large-scale aerospace composite structures. Driven by policy support, technological advancements, and market demand, China's reusable rocket industry is entering a period of accelerated development.
The pace of large-scale commercial application is quickening. Behind these technological breakthroughs is the continuous acceleration of the commercialization process for reusable rockets in China. Compared to traditional expendable launch vehicles, the core advantage of reusable rockets lies in the multiple reuse of the rocket body and core components. By recycling to amortize development and manufacturing costs, they can break away from the traditional "launch and discard" model, significantly reducing the cost of commercial space launches and the industry's entry barriers.
Since 2025, the reusable rocket technology system has undergone continuous iteration and upgrades, with several key tests and launch missions achieving important progress. For instance, on March 30th of this year, Zhongke Aerospace Technology Co., Ltd.'s LiJian-2 Y1 carrier rocket, named "International Textile Capital," was successfully launched from the Dongfeng Commercial Aerospace Innovation Test Zone. This rocket boasts advantages such as large payload capacity, high inherent reliability, and reusability. Also in March, Space Honor Aerospace Technology Group Co., Ltd. announced that the auxiliary power system for the first stage of its SQX-3 reusable launch vehicle had completed a full-system test run.
Beyond technological refinement, the explosive growth of low Earth orbit satellite constellation deployments provides stable market support for reusable rockets. According to the International Telecommunication Union (ITU) website, from December 25 to December 31, 2025, China formally submitted applications to the ITU for frequency and orbital resources for an additional 203,000 satellites, covering 14 satellite constellations, including medium and low Earth orbit satellites.
The reusable rocket sector has now become an investment hotspot, with substantial funding rounds being secured and leading companies accelerating their listing processes. On March 31st of this year, Zhongke Aerospace's IPO application for the STAR Market was accepted, aiming to raise 4.18 billion yuan for projects including the research and development of reusable large launch vehicles. On February 9th, Space Honor completed a D++ funding round, raising 5.037 billion yuan, primarily to further accelerate the development and commercialization of its reusable liquid oxygen methane launch vehicle models.
On the policy front, the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space (2025-2027)" issued by the China National Space Administration explicitly encourages local governments to establish technological innovation centers in key areas such as reusable rockets and intelligent satellites. At the local level, the General Office of the Anhui Provincial People's Government recently issued the "Anhui Province Action Plan for Accelerating the Development of the Commercial Space Industry (2026-2028)," which focuses on directions like rocket reusability, mass satellite manufacturing, payload innovation, and constellation construction and operation, aiming to rapidly build a distinctive, fully-chained, and synergistic commercial space industry ecosystem. Additionally, municipalities like Beijing and provinces including Guangdong and Sichuan have introduced supportive policies to bolster the development of the reusable rocket industry.
As reusable technology matures and the capability for mass production of satellites and rockets improves, China's space launch activities are expected to transition from "high-cost customization" to "low-cost industrialization," thereby empowering sectors such as the digital economy, emergency communications, and smart agriculture.
Amidst these multiple favorable factors, listed companies within the reusable rocket industry chain are actively positioning themselves. They are deeply engaging in core industry segments through technological adaptation and project participation to seize development opportunities.
Xi'an Bright Laser Technologies Co., Ltd. previously disclosed in its investor relations activity records that the company has supported LandSpace's Zhuque-3 reusable rocket in its first large-scale vertical takeoff and landing test mission. By providing stable and reliable metal additive manufacturing solutions, it helped achieve a successful transition from engineering verification to batch production for key components.
A responsible person from Juli Sling Co., Ltd. stated that the company is actively extending its technological advantages to the frontier of commercial aerospace and has already supplied key products, including capture arm devices and test cable systems, for domestic reusable rockets.
Listed companies can focus on core propulsion technologies such as multiple ignitions and thrust adjustment for liquid oxygen methane engines, tackle challenges related to materials resistant to repeated thermal cycles and reusable thermal protection coatings, deepen 3D printing manufacturing processes, and establish health monitoring and rapid refurbishment systems for rocket bodies and engines. The goal is to reduce reuse costs and enhance the reliability of high-frequency reuse through technological breakthroughs.
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