Tianlong No. 3 is expected to make its maiden flight, with performance comparable to SpaceX. Benchuang Intelligent rises over 14%, and Zhongjing Electronics hits its first limit up.

(Source: Caixin News)

          The report says that Tianbing Technology’s Tianlong-3 is expected to carry out its first flight launch on April 2, Beijing time. It is understood that the Tianlong-3 is China’s first commercial space launch vehicle that is expected to deliver more than 20 tons of payload capacity to low Earth orbit. Its performance is benchmarked against the international mainstream SpaceX Falcon 9, and it can enable a launch of 36 satellites in one rocket…

April 1, the commercial space industry concept became active again. As of the time of this report, constituent stocks Sichuan Intell (300964.SZ) rose by more than 14%, China Central Electronics (002579.SZ) and M&P Optics and Magnetic (002902.SZ) hit their daily trading limit, while Oekey Energy (688308.SH), Sword-Jen Shares (002361.SZ), Jiangshun Technology (001400.SZ), Xuerengroup (002639.SZ), among others, also rose in line.

According to the news, it is reported that Tianbing Technology’s Tianlong-3 is expected to carry out its first flight launch on April 2, Beijing time. It is understood that the Tianlong-3 is China’s first commercial space launch vehicle that is expected to deliver more than 20 tons of payload capacity to low Earth orbit. Its performance is benchmarked against the international mainstream SpaceX Falcon 9, and it can enable a networked launch of 36 satellites with a single rocket.

In addition, on a separate occasion, earlier, the Lijian-2 YI transport rocket was launched at the Dongfeng Commercial Space Innovation and Testing Area, precisely placing the Xinxingcheng 01 satellite, Xinxingcheng 02 satellite, and Tianshi satellite 01 into their designated orbits. The launch mission achieved a complete success.

Besides this, the Ningbo government affairs service website shows that the Ningbo commercial space industry base project (Phase 1 survey) will open for bidding in April. The industry base is expected to have a total investment of RMB 8.66 billion. The project will plan and build a commercial space industry base, enabling full-chain integrated development of the commercial space industry.

Earlier, the chairman of Galaxy Power said that Galaxy Power’s launch orders have already been scheduled through 2028, with a full and abundant mission backlog. The liquid reusable rocket Zhishenxing-1 will also achieve its maiden flight soon.

A research report from Founder Securities states that domestic state-owned “national team” forces and private rocket companies are working together, and it is expected that the first wave of reusable rocket first flights will begin in the second quarter. With domestic satellite batch tendering imminent, multiple rocket models from both domestic and overseas markets are about to usher in their first launches. The deployment of features such as direct-to-mobile connectivity will drive further iteration in satellite performance, and satellites will subsequently enter a phase of both volume and price rising together.

CITIC Securities’ recent research report points out that commercial space has entered a “fast track.” From the investment side, the directions with relatively high attractiveness are space computing power and reusable rockets, while the low-earth-orbit communications satellite chain is currently the most advanced segment with basic fundamentals logic and order support.

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