HK Stock Market Move | Commercial spaceflight concept bursts into life in the afternoon, Long March 10 rocket successfully achieves controllable recovery, and the industry's scaled operation is expected to reach a turning point.

The concept of commercial aerospace surged in the afternoon. As of the time of writing, Hainan Drinda New Energy Technology (02865) rose 27.3% to HK$23.78; APT SATELLITE (01045) rose 17.09% to HK$2.74; Goldwind Science & Technology (02208) rose 15.06% to HK$11.23. On the news front, according to a message from the China Aerospace Hi-Tech Holding Group, at 12:15 pm on July 10, 2026, the Long March 10B carrier rocket was successfully launched at the Hainan commercial aerospace launch site. Approximately 6 minutes after the separation of the first and second stages of the rocket, the first stage vertically returned and was successfully recovered on a sea recovery platform. It is worth mentioning that this milestone has made China the second country in the world after the United States to master the technology of large-capacity recoverable rockets, and the first country in the world to master the technology of recoverable carrier rocket network. EB SECURITIES stated that the breakthrough in recoverable rocket technology is a key turning point for commercial aerospace to move towards large-scale commercial operations. The industry logic will gradually unfold along the main line of "reduced cost of recoverable rockets, accelerated deployment of satellite constellations, formation of an integrated network of space, air, and ground, expansion of downstream application scenarios". In the short term, launches such as Long March 10B and Zhuque III will bring significant catalysts to the sector; in the medium term, the GW constellation and Qianfan constellation network will gradually drive demand for satellite manufacturing and launch services; in the long term, future applications such as 6G integrated space, space computing power, space photovoltaics, and on-orbit services will continue to open up market space.