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Commercial spaceflight has been really hot these days. ETFs related to the satellite industry are collectively booming, with a bunch of products hitting the daily limit—Satellite ETF (563230), Satellite ETF E Fund (563530), Satellite Industry ETF (159218), Satellite ETF (159206), Satellite ETF Penghua (563790)—all showing no signs of slowing down. It’s clear that many funds are rallying around the space concept, but how long this heat can last depends on whether the fundamentals can keep up in the future.