Commercial spaceflight is entering a period of intensive catalysts. Aerospace ETF Huaxia (159227) is experiencing a pullback, ushering in a window for positioning, as capital has flowed in for 5 consecutive days.

April 7, the three major A-share indexes rose collectively, commercial spaceflight surged and then pulled back, and the market saw intraday volatility followed by a downward move. As of 10:31, the China Asset Aviation and Aerospace ETF (159227) was down 0.65%, with trading volume already reaching 71.52 million yuan, staying firmly in first place among its peers; its top performers among holdings included China Construction Industry, Morningstar Aerospace, Shanghai Hanxun, Aoyang Technology, Xinjinggang, and Haitai Hi-Tech, among others.

Over the past month, the China Asset Aviation and Aerospace ETF (159227) has seen a period of pullback, with the decline exceeding 20%; however, capital has shown a “buy-the-dip” trend. As of April 3, it has recorded net inflows for 5 consecutive trading days. Over the past month, cumulative net inflows exceeded 1 billion yuan, and its latest size reached 3.784 billion yuan, remaining number one among ETFs in the same category by scale.

In the near term, the commercial spaceflight sector is set to face a dense lineup of catalysts. Rockets such as Nebula One, Long March 10B, and Zhique 3 are expected to be launched in succession. In addition, the pace of IPOs in the capital markets is accelerating. It is reported that SpaceX plans to release its first-ever IPO prospectus in late May. SpaceX plans to kick off IPO roadshow activities during the week of June 8.

Dongxing Securities noted that, during the “15th Five-Year Plan to 15th Five-Year Plan” period, commercial spaceflight will become an important engine driving new-quality productive forces and high-quality technological development in China. To seize valuable orbit and spectrum resources, the number of satellite constellation launches in China in 2026 is expected to accelerate further. Private commercial rocket companies are expected to participate more deeply, becoming an effective supplement to the national teams, jointly supporting the high-frequency launch demand. Looking ahead, the investment opportunities in China’s satellite internet industry chain in 2026 are promising.

China Asset Aviation and Aerospace ETF (159227) closely tracks the China Securities Index for Aerospace and Aviation Industry. Commercial spaceflight exposure is as high as 68%, making it the leading ETF by “commercial spaceflight purity” across the entire market. It comprehensively covers leading players across the full industrial chain, including rocket launches, satellite manufacturing, and aerospace electronics. It includes core targets such as Aerospace Development, China Satellite, Aerospace Electronics, and AVIC Electromechanical, among others—perfectly aligning with the strategic direction of an “air-and-space integrated” approach. The share of the Shenyang Securities first-level military industry sector is as high as 98.59%, making it the index with the highest “defense-industry purity” in the whole market. The product has ample liquidity, and it stays among the top peers in terms of trading volume. With a single click, it gives access to multiple core opportunities, including AI + aerospace, large-scale commercial spaceflight launches, and space computing power—an essential tool for conveniently capturing the high-visibility, high-growth commercial spaceflight opportunity segment.

Daily Economic News