The aerospace and aviation sector continued its downward trajectory on July 8th. The price of the General Aviation ETF (159231), which provides one-click exposure to commercial aerospace, satellite navigation, low-altitude economy, and large aircraft, weakened intraday and closed down 2.04%, hitting a new low since June 2025. Concurrently, funds continued to flow in on the dip, with a net subscription of 10 million units. Over the preceding five trading sessions, the fund had already attracted cumulative net inflows of 6.16 million yuan.
Among the 50 constituent stocks of the General Aviation Index, 10 advanced while 40 declined. Guorui Technology hit the daily limit-down, Zhuhai CosMX Battery Co., Ltd. fell over 7%, Morning Aerospace dropped more than 6%, and stocks including Corelink Technology, Aileda, and Tianhe Defense all saw declines exceeding 5%.
Key Market Development
On July 7th, prior to the U.S. market open, SpaceX was officially included in the NASDAQ-100 index. According to past NASDAQ practices, newly listed companies typically need to accumulate one or two quarters of trading data to demonstrate market capitalization stability before being considered for inclusion in core indices. SpaceX has broken this conventional process.
Analyst Perspective
Huatai Securities analysts believe that China's commercial aerospace sector is currently in a period of rapid development, with integrated satellite and rocket companies like Blue Arrow Aerospace and CAS Space also approaching their IPO stages. By analyzing SpaceX's development strategy, business model, and manufacturing philosophy, they posit that the key drivers for the takeoff of the space economy are the reduction in launch costs enabled by reusable rockets and the decrease in satellite manufacturing costs achieved through vertical integration. When costs are sufficiently low, space-based computing power may become economically viable.
About the Fund
The General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) track a broad index covering 50 aerospace and aviation constituents. This provides exposure to hot sectors such as the low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. The fund boasts over 90% exposure to low-altitude economy concepts, over 60% to commercial aerospace, and over 45% to satellite navigation concepts, making it a strategic tool for one-stop allocation to China's aerospace industry chain. (Data as of June 30, 2026)
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