Chu Tianxing Xinghan.April 24th is the ninth “China Aerospace Day”. 54 years ago, today’s first artificial earth satellite, “Oriental Red One”, launched.Thanks to the continuous improvement of economic and technological strength, the pace of my country’s aerospace development has been solid and stable in recent years.With the policy support, technological innovation and capital assistance, private commercial aerospace has been emerging after ten years of hardening and has become a bright star on the world aerospace stage.

　　

As a professional equity investment institution, the 10 -year -old Kunyuan Assets has grown simultaneously with China’s private commercial aerospace. With a keen market sense and far -reaching strategic vision, it is the blue arrow aerospace, interstellar glory, Xinghe power, Tianbing technology, oriental spaceThe continuous empowerment of a group of FOF ecosystem partners has become one of the important forces to help Chinese private commercial aerospace take off.

　　

Policy blessing+science and technology innovation private commercial aerospace gradually gets better

　　

The development level of the aerospace industry is often regarded as a key indicator of a country’s economy, scientific and technological strength, and comprehensive national strength.A series of milestones in the Chinese aerospace field of China Space Station and the “Chang’e” lunar exploration project, which allows the world to recognize the strong strength of Chinese aerospace “national team”.The core position of commercial aerospace has gradually become the main battlefield of the world’s strategic competition.

　　

In 2014, as the first year of China’s private commercial space, the State Council’s Guiding Opinions on Encouraging Social Investment in the Innovation Innovation Investment and Financing Mechanisms “clearly stated that private capital was encouraged to participate in the construction of national civil space infrastructure.This policy spring breeze has inspired many private enterprises to participate in vast space, and has opened a new chapter in space exploration of space.Despite the increasingly fierce international competition, the private commercial aerospace field is facing multiple challenges such as technical bottlenecks and market uncertainty.However, the competitive vitality it showed encouraged the confidence of the Chinese people again and again.Chinese private commercial aerospace companies have not only narrowed the gap with the international advanced level, but even achieved leading the lead in some areas.

　　

In June 2015, Blue Arrow Aerospace was officially established in Beijing, which also opened the prelude to the private commercial aerospace field. Since then, a number of industries have emerged.In January 2016, Star Glory was established; in February 2018, the Star River Power was established; in January 2019, Tianbing Technology was established; in June 2020, the East Space joined the ranks …

　　

These emerging Chinese private commercial aerospace companies are deeply aware of the objective gap between the technological development route and the international advanced level, and make full use of the existing technology stacks and supply chain resources to quickly establish launch capabilities and lay their launch capabilities to lay the higher -level development in the future.Base.Therefore, most private aerospace companies have chosen solid rockets as the initial development route, and give full play to the advantages of high reliability and simple launch operations of solid rockets.

　　

In July 2019, China’s private commercial aerospace ushered in a breakthrough from 0 to 1.The double curve No. 1 of Star Glory is a long time of the Changan Ouanto Launar Rockets successfully launched at the China Jiuquan Satellite Launch Center. The number of satellites and effective loads is accurately sent to the scheduled 300 kilometers of circular orbit. The Chinese private rocket company finally realized the “derailment launch”.Essence

　　

Since then, solid rockets from private commercial aerospace have continued to rush into the clouds, refreshing records of multiple dimensions such as loading and thrust.Among them, from 2020 to 2023, Star River Power’s Valley Shenxing -1 launch has achieved successful success for eight consecutive times.This solid rocket has therefore become the first rocket model to achieve high -density launch in the domestic private field.

　　

In 2023, Chinese private commercial aerospace companies completed a total of 13 launching missions, a year -on -year increase of 1.6 times that of an amazing 1.6 times, creating a new peak since the birth of China’s commercial aerospace.At the national level, it also began to insert its development wings for commercial aerospace in the second half of 2023.In the Central Economic Work Conference and 2024 Government Work Report at the end of 2023, commercial aerospace as a strategic emerging industry was regarded as a new engine of China’s economy, pressing the “fast -forward key” for the development of the entire industry.

　　

In April 2023, the Kunyuan Asset FOF Ecosystem’s investment in Tianbing Technology “Tianlong II” Yaoyi Rockets was successfully launched, becoming the first liquid carrier rocket to successfully track domestic commercial aerospace.In July 2023, Blue Arrow Aerospace successfully launched the “Suzaku No. 2”, becoming the world’s first successful liquid oxygen methane carrier rocket.In November 2023, the Star Honor Bilateral No. 2 verification rocket conducted a vertical recycling test at the Jiuquan Satellite Launch Center.The liquid oxygen methane rocket uses vertical recycling technology, representing China’s commercial aerospace getting entry tickets for recyclable rockets, and the gap with the United States has been further reduced.In addition, interstellar glory plans to use rockets for liquids in 2025 to achieve the first fly.