Recyclable rockets open up the commercial closed loop, and commercial space companies strive to go public first.

Recently, the Long March 10A rocket successfully completed its maiden flight, marking the first controllable recycling of carrier rockets in China. Concurrent with the breakthrough in recyclable rocket technology is the intensive outbreak of IPOs by commercial aerospace companies. Data shows that at least 15 commercial aerospace companies have initiated the IPO process, with China Aerospace Science and Industry Corporation and MicroNano Sky entering the inquiry stage of the Science and Technology Innovation Board in the first half of the year. Some analysts believe that in the medium to long term, the recycling of rockets is connecting the commercial aerospace industry from being "policy and capital-driven" to being "internally profit-driven" in a commercial closed loop. With technological breakthroughs, influx of capital, and resonance with market demand, China's trillion-dollar commercial aerospace industry is entering a period of real value realization.