The aerospace and aviation sector was active on July 1st. The Huabao General Aviation ETF (159231), which provides one-stop exposure to commercial aerospace, satellite navigation, the low-altitude economy, and large aircraft, saw its on-exchange price surge by up to 1.6% intraday, ultimately closing 0.72% higher. This marks two consecutive days of gains, suggesting a potential bottoming out, with a net subscription of 4 million units for the day.
On the news front, leading domestic commercial aerospace firm Blue Arrow Aerospace has received a double dose of good news. On June 29th, the Shanghai Stock Exchange website updated the company's STAR Market IPO review status to "Inquiry," smoothly resuming the listing process. On the same day, Blue Arrow Aerospace announced the successful completion of the static fire test for its Zhuque-3 reusable Yao-2 carrier rocket, concluding all key ground verification work and laying a solid foundation for subsequent flight and recovery missions. The simultaneous progress in technological breakthroughs and capital market advancement has created a rare "dual-catalyst" effect.
Following the successful ignition, when will the launch occur? Blue Arrow Aerospace indicated that all critical pre-launch ground verification work for the Zhuque-3 reusable Yao-2 rocket has now been completed. Subsequently, the test team will carry out various launch preparation tasks according to the established plan, making full preparations for the flight test mission.
The industry widely regards 2026 as the "inaugural year for rocket reusability." The Zhuque-3 Yao-2 rocket is at the forefront of this wave of technological breakthroughs. According to public plans, the Yao-2 rocket will conduct another recovery test in the first half of 2026, with the goal of attempting its first recovery and reuse flight in the fourth quarter based on test results. If recovery technology achieves a breakthrough, launch costs are expected to approach SpaceX's benchmark of 18,000 RMB per kilogram—a key leap for commercial aerospace from a "national project" to a "trillion-yuan market."
On the international catalyst front, Nasdaq officially announced on June 29th that SpaceX will be added to the Nasdaq-100 Index before the market opens on July 7th, Eastern Time.
Huabao General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) track a comprehensive index covering 50 aerospace and aviation constituent stocks. This includes hot sectors like the low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. The ETF has over 90% exposure to low-altitude economy concepts, over 60% to commercial aerospace, and over 45% to satellite navigation concepts, making it an effective tool for one-stop allocation to China's aerospace and aviation industry chain. (Data as of June 30, 2026.)
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