Galaxy Securities: The commercial aerospace industry is entering a golden age of dual efforts on both the demand and supply sides.

Galaxy Securities research report says that the commercial aerospace industry is thriving and entering a golden age of dual-sided efforts in demand and supply. 1) Satellite launch: Private rocket companies are developing rapidly, and the industry chain is in the transition phase from national aerospace to commercial aerospace. It is recommended to focus on structural component suppliers. 2) Satellite manufacturing: Currently, low-orbit satellites are mainly concentrated on the construction of infrastructure in the space segment and ground segment, with a short-term focus on satellite manufacturing. Subsystems and materials in the upstream and midstream, which directly support satellite production, are expected to benefit first.