2025-12-26 10:26:12

Recently, the commercial space industry has once again sparked a wave of IPOs. Blue Arrow Aerospace has completed its IPO counseling, and more than ten rocket companies including GalaxySpace, CAS Space, MicroNanoStar, Yixin Aerospace, Tianbing Technology, iStar Aerospace, and Stellar Glory are all filing with the securities regulatory bureau for guidance, preparing to list on the A-shares market; Guoxing Yuhang and Fuxin Futong are targeting the Hong Kong stock market.

There is practical support behind this trend. The domestic commercial space industry chain has become quite complete—over 600 companies covering satellite manufacturing, rocket launches, ground equipment, and terminal applications, with a gradually maturing ecosystem.

Why is everyone eager to go public for financing? The main reason is that the commercial space sector is extremely capital-intensive. Rocket companies take several years from R&D to establishing commercial launch capabilities, with huge upfront investments. Only when mass launches are achieved can they generate significant revenue. This "long cycle, high investment, post-burst" characteristic makes financing needs particularly urgent.

The good news is that policy support has arrived. In June, the Sci-Tech Innovation Board reform explicitly supported the listing of frontier technology companies like those in commercial space, and restrictions on unprofitable companies have been relaxed, opening a green light for rocket companies.

In terms of market potential, the domestic space transportation capacity gap remains huge. Once commercial rocket companies establish stable supply relationships with clients, growth expectations become relatively clear. Some institutions predict that by 2027, the market size of the rocket industry will surpass hundreds of billions of yuan. What does this number mean? It indicates that the entire sector is just beginning, with vast room for imagination. Therefore, this wave of IPOs is actually an inevitable choice for industry development—companies need funds for R&D and expansion, and the market needs these companies to fill the capacity gap. A mutually beneficial situation has already formed.

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SelfCustodyBro

· 1h ago

Rocket companies are really eyeing the A-shares now, this wave of IPOs feels like it's about to become real. Hundreds of billions in market cake, burning money until listing just to survive. Wait, can these companies really make money? Or is it just another round of fundraising games? Commercial spaceflight sounds very sexy, but I just want to know who will foot the bill. Long cycle, high investment— isn’t this just a black hole for financing? Haha. With policy windfalls, everyone is lining up to rush into A-shares, feeling a bit like collective celebration. I've heard this logic of capacity gaps too many times; how many will actually land? Now everything has to be about cutting-edge technology, commercial spaceflight has also become a new hot spot, money can be poured anywhere. I'm just waiting to see how many of these can survive until 2027.

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notSatoshi1971

· 7h ago

Another wave of financing frenzy, is it real or just hype to the point of launching a rocket? A bunch of companies rushing into A-shares and Hong Kong stocks, it feels like they are betting on that hundreds of billions in 2027... it's a bit uncertain. The commercial aerospace sector indeed burns money, but the question is whether it can truly achieve mass production. The policy windfall has arrived, but investors need to keep a clear eye. Ah, this is a typical long-term financing to prolong life cycle, going public first to raise funds, then talking. It's optimistic, but the valuation bubble feels a bit heavy. Over 600 companies? With such fierce competition, can they all survive...

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TestnetNomad

· 7h ago

Rocket companies rushing to go public, in simple terms, is running out of money and having to ask shareholders for funds. Once policies loosen, everyone rushes in. Ecosystem improvement is good, but how many can actually turn a profit? Hundreds of billions in imagined value sound great, but I'm just worried it will end up in a mess again. That said, there is indeed a capacity shortage, the key is who can survive until that day. This wave of IPOs will probably once again turn a bunch of retail investors into harvesters.

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RetroHodler91

· 8h ago

Rocket companies piling up on the stock market, to put it simply, it's because they're burning money too aggressively and need to be infused with capital.

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VitaliksTwin

· 8h ago

It's crazy, a bunch of rocket companies are rushing to go public. They're really desperate for money, but this wave definitely has some potential for growth.

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ColdWalletGuardian

· 8h ago

Hundreds of billions in scale still sounds a bit unreal. How many companies will actually make it to that point?

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blocksnark

· 8h ago

Rocket companies clustering for IPOs, basically just lacking money, right? Who can handle long-term high investments? It's that old saying again: once the policy wind blows, everyone comes to life. The Sci-Tech Innovation Board's recent moves are somewhat promising. Hundreds of billions in market size sounds impressive, but can this track really produce unicorns, or will it end up as just a pile of leftovers? Commercial spaceflight sounds high-end, but in reality, it's just burning investors' money. Let's see when it becomes truly profitable. With such a huge capacity gap, it feels like foreign rocket companies are taking off, while we're still in the fundraising stage.

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