HK Stock Market Move | Business space concept stocks collectively rise, SpaceX sprints towards the largest IPO in history, commercial space industry is expected to see a surging boost.

Commercial aerospace concept stocks collectively rose, as of the time of writing, Hainan Drinda New Energy Technology (02865) rose by 8.32% to HK$47.9; CHINA AEROSPACE (00031) rose by 5.17% to HK$0.61; APT SATELLITE (01045) rose by 4.5% to HK$4.18; AVICHINA (02357) rose by 2.84% to HK$3.62. On the news side, commercial aerospace giant SpaceX is expected to go public this summer with a valuation of about $1.75 trillion, potentially becoming one of the largest IPOs in history. Huaxi stated that SpaceX's IPO is expected to elevate Starship V3 from a single test flight event to a global commercial aerospace asset pricing event, with Starlink V3, AI tools, long-term narrative, and low-cost orbital insertion capabilities becoming core variables in the valuation system. China Securities Co., Ltd. stated that commercial aerospace is expected to see a series of catalysts, including the planned first flight of the Long March 10B rocket in late May, the planned first flight of the Galaxy Power Intelligent Divine God Star in late May, and Blue Arrow Aerospace's Zhuque No. 3 rocket challenging first stage recovery again in the second quarter.