Cold Thoughts Amidst the Capital Frenzy of Commercial Aerospace: The Trillion-Yuan Track Needs a Dual Breakthrough in Technology and Commercialization

Industry insiders point out that behind the hustle and bustle of the capital market, there is a need for a rational examination of the current status and future of the commercial aerospace industry. On one hand, China's commercial aerospace is still in its early development stage, with the verification of low-cost, reusable, large-capacity launch vehicle technology yet to be completed, and the mass production and engineering capabilities of commercial satellites urgently needing improvement; on the other hand, the long-term development direction of the industry has become clear. By 2026, China is expected to achieve substantial breakthroughs in key technologies in commercial aerospace, and the process of commercialization will continue to accelerate. Industry professionals generally predict that 2026 will be a year of key technological breakthroughs for China's commercial aerospace, with a high probability of achieving substantial breakthroughs in the orbital insertion of large-capacity reusable launch vehicles and the recovery of a booster stage. (China Securities Journal)