Investment opportunities in commercial space are not only about popular concepts but also require a clear understanding of the actual participants across the entire industry chain.

From the rocket manufacturing side, those who truly master core technologies are companies that produce engines and fuselage structures. Domestic liquid oxygen kerosene engine technology has reached a leading level and is used in multiple space projects. In the field of rocket fuselage structures, enterprises with a national team background undertake major missions such as lunar exploration and Mars probes, and these project experiences directly translate into commercial competitiveness.

The satellite application sector is also worth paying attention to. Orders held by communication satellite operators are often underestimated, and the demand in civilian and commercial scenarios is rapidly increasing. Beidou satellite navigation chips are in the core track; currently, 45 Beidou satellites are in operation, and ground supporting application scenarios are continuously expanding, which means chip demand will continue to grow.

Space materials suppliers are an easily overlooked but critical link. Carbon fiber composites are already used in rocket fuselage manufacturing, and high-end carbon fiber companies certified by space agencies are in high demand. The performance of such companies is often supported by solid fundamentals.