CITIC Construction Investment pointed out that the current commercial space industry is expected to enter a new era with the combined help of national policy support and industrial technological breakthroughs. The main aspects of informatization involved in the commercial aerospace industry include remote sensing and its applications; satellite surveying and operation control systems; CAE simulation/satellite testing; interplanetary transmission processing modules, communication modules, data processing platforms, etc.; the expansion of new scenarios focuses on space computing power. Furthermore, we believe that the current commercial space development is a cycle of resonance between state-owned enterprises and private enterprises. Looking at the development path of the overseas commercial space industry, the key to success lies in the collaborative drive of policy, technology and business models. Through legislative guarantees, NASA's huge procurement contracts, and regulatory deregulation, the United States has achieved a radical transformation from national ownership to full privatization of low orbit. Europe, on the other hand, relies on ESA to integrate resources and explore an integrated market model. At the technical level, cost reduction and efficiency technologies represented by recyclable rockets, modular satellite manufacturing, and in-orbit services are the core of large-scale industry. In terms of business model, the entire SpaceX industry chain is profitable in a closed loop, while companies such as Planet Labs use standard data subscription services to form stable cash flow. To target overseas, China's commercial space development needs to strengthen legislation and procurement support in terms of policy, technically rely on manufacturing advantages to attack cost reduction links such as recyclable rockets, and use capital market empowerment to accelerate the maturity and ecological construction of the industrial chain.

CITIC Construction Investment pointed out that the current commercial space industry is expected to enter a new era with the combined help of national policy support and industrial technological breakthroughs. The main aspects of informatization involved in the commercial aerospace industry include remote sensing and its applications; satellite surveying and operation control systems; CAE simulation/satellite testing; interplanetary transmission processing modules, communication modules, data processing platforms, etc.; the expansion of new scenarios focuses on space computing power. Furthermore, we believe that the current commercial space development is a cycle of resonance between state-owned enterprises and private enterprises. Looking at the development path of the overseas commercial space industry, the key to success lies in the collaborative drive of policy, technology and business models. Through legislative guarantees, NASA's huge procurement contracts, and regulatory deregulation, the United States has achieved a radical transformation from national ownership to full privatization of low orbit. Europe, on the other hand, relies on ESA to integrate resources and explore an integrated market model. At the technical level, cost reduction and efficiency technologies represented by recyclable rockets, modular satellite manufacturing, and in-orbit services are the core of large-scale industry. In terms of business model, the entire SpaceX industry chain is profitable in a closed loop, while companies such as Planet Labs use standard data subscription services to form stable cash flow. To target overseas, China's commercial space development needs to strengthen legislation and procurement support in terms of policy, technically rely on manufacturing advantages to attack cost reduction links such as recyclable rockets, and use capital market empowerment to accelerate the maturity and ecological construction of the industrial chain.