Seven commercial space projects in Beijing were launched in a single batch, and Jiangshun Technology and Zaisheng Technology both reached the daily price limit.

（Source: 财闻）

As of the time of publication, Runbo Aerospace, Jiangshun Technology, Zaisheng Technology, Xinjiang Communications Construction, and others hit the daily limit; Changguang Huaxin rose more than 13%; and Yunnan Germanium, Sinocera Electronics, Yangtze River Communications, Jinxinnuo, and others followed suit.

On March 25, the commercial aerospace concept saw a volatile rise. As of the time of publication, Runbo Aerospace (001316.SZ), Jiangshun Technology (001400.SZ), Zaisheng Technology (603601.SH), Xinjiang Communications Construction (002941.SZ), and others hit the daily limit; Changguang Huaxin (688048.SH) rose more than 13%; and Yunnan Germanium (002428.SZ), Sinocera Electronics (003031.SZ), Yangtze River Communications (600345.SH), Jinxinnuo (300252.SZ), and others followed suit.

On the news front, on March 24, a centralized launch meeting for the “Aerospace District” commercial aerospace industrial project was held in Yinghai Town, Yizhuang New Town. Among the nine projects launched in this round, five were selected for the 2026 Beijing “Three 100” municipal key projects list, covering fields such as commercial aerospace, biopharmaceuticals, and talent housing. Of these, there are seven commercial aerospace industrial projects. According to the introduction, this year, Beijing Yizhuang will continue to lead with the “Beijing Rocket Avenue,” rely on the “Aerospace District,” and support across the entire “Yizhuang New Town” area to build an industry cluster integrating headquarters R&D, high-end manufacturing, innovation incubation, shared services, and application showcases.

In addition, according to reports, a source familiar with the matter revealed that SpaceX plans to submit its first public offering registration statement to regulators later this week or early next week. This confidential submission will formally finalize the IPO plans of the rocket and communications company under Elon Musk’s umbrella, with the goal of listing and trading in June. The source said that the advisers involved in the preparations expect that, in the IPO, the company may seek to raise more than $75 billion, higher than the previously reported $50 billion estimate. The company’s latest valuation is $1.25 trillion, and the actual amount to be raised and the valuation will be finalized in the weeks before the IPO.

Dongxing Securities noted that in the Fifteenth Five-Year Plan period, commercial aerospace will become an important engine for China to drive the development of new quality productive forces and high-quality science and technology development. In 2026, the number of satellite launches for China’s satellite constellations is expected to accelerate further; private commercial rocket companies are expected to participate more deeply, becoming an effective supplement to the national team and jointly supporting the demand for high-frequency launches.

SXCai Securities’ analysis believes that, driven by the national strategy goals of building China into a strong space power during the Fifteenth Five-Year Plan, domestic policies, capital, and technology are forming a collective force, promoting commercial aerospace to move from the technology validation stage to the stage of scaled, commercialized operations.

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