China commercial aerospace
1. Vice Premier of the State Council Ding Xuexiang investigated Hainan’s commercial aerospace industry
From March 24 to 25, 2025, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, visited Hainan for investigation. During the period, Ding Xuexiang visited the Hainan Commercial Space Launch Site to investigate the planning, construction, operation and management of the launch site, and held discussions with Hongqing Technology, Interstellar Glory, Hainan Guoxing Flight Test and other companies to listen to opinions and suggestions.
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High-level research released a strong policy signal. The Vice Premier personally visited the Hainan Commercial Space Launch Site and clearly requested a “new nationwide system” to accelerate commercial aerospace technology research and cost control, and promote the development of commercial aerospace while ensuring safety.
2. 59.6 billion national funds are planned to be invested in aerospace and other fields
On March 20, 2025, the National Military-Civil Integration Industry Investment Fund Phase II Co., Ltd. (hereinafter referred to as the “Phase II Fund”) was established with a registered capital of 59.6 billion yuan, of which China Aerospace Science and Technology Group held a 4.2% shareholding and a subscribed capital contribution of 2 billion yuan.
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The first phase of the fund was established in December 2018 with a registered capital of 51 billion yuan. It has invested in companies such as Aerospace Rainbow, Aviation Engine, China Science and Technology Aerospace, China Science and Technology Satellite, Aerospace Yuxing, and Aerospace Science and Industry Rockets in the aerospace field. The state’s investment in the establishment of the second phase of the fund is expected to promote the upgrading of the commercial aerospace industry chain and accelerate technology transformation and market expansion.
3. Infinite Aerospace and Lanlingxingtong completed tens of millions of yuan in financing
On March 24, 2025, Beijing Infinite Aerospace Technology Co., Ltd. announced that it had recently completed tens of millions of yuan in angel round financing, led by Jiuhe Venture Capital, and followed by Inno Angel Fund; on March 25, 2025, Beijing Lanling Xingtong Technology Co., Ltd. announced that it had recently completed tens of millions of yuan in angel + round financing, led by Linge Venture Capital, followed by Hongfu Assets and high-net-worth individual investors.
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Infinite Aerospace was established in 2019, focusing on space on-orbit services; Lanlingxington was established in 2023, focusing on building Bluetooth direct satellite Internet of Things. Within a week, two Beijing commercial aerospace start-up companies received tens of millions of dollars in financing, and capital began to seize the commercial aerospace track.
4. Construction of the largest commercial aerospace equipment industry manufacturing base in southwest China begins
On March 22, 2025, the launch ceremony of the key commercial aerospace industry chain and Tianyi Huayu commercial aerospace equipment industry manufacturing base project in Qingbaijiang District, Chengdu was held. The project has a total investment of 3 billion yuan and only took 110 days from signing to construction.
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The project is scheduled to be officially put into operation in September this year. After it is put into operation, it will achieve an annual production capacity of more than 300 satellites and more than 200 sets of spacecraft components, becoming the largest commercial aerospace equipment industry manufacturing base with the most complete chain in southwest my country.
5. “Nihao Space” successfully held the first phase of commercial aerospace project financing roadshow event
On March 28, 2025, Nihao Space successfully held the first phase of the commercial aerospace project financing roadshow. The roadshow companies included Aismin Technology, Huanqing Technology, Tianwei Technology, Zhuohang Xingshun, Tengxing Technology and Qingbo Aviation.
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This roadshow invited more than 100 professional investment institutions and local government investment departments. The roadshow projects cover the entire industry chain such as rocket research and development, satellite manufacturing, components, aerospace data services, etc., providing display opportunities for innovative and entrepreneurial projects in the commercial aerospace field and a platform for docking with capital.
international commercial aerospace
1. Falcon 9 completes its 450th mission
On March 21, 2025, Beijing time, SpaceX used Falcon 9 at Vandenberg Space Force Base SLC-4E to successfully send the NROL-57 multiplication satellite constellation network satellite into the predetermined orbit, completing the 450th mission. The first-stage booster B1088 successfully landed in the LZ-4 landing zone.
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The first-stage booster B1088, which was successfully launched and recovered this time, was on its fourth flight. The interval between its last launch and this mission was only 9 days, 3 hours and 38 minutes, far exceeding the previous record of 13.5 days held by B1080. SpaceX’s process efficiency from recovery, maintenance to relaunch has increased by nearly 33%.
2. ESA officially releases tender announcement for the European Launch Challenge program
The European Space Agency ESA officially released the European Launch Challenge (ELC) tender announcement on March 24, 2025. The program will provide up to 169 million euros in funding to each selected company and give priority to supporting the research and development of small launch vehicles.
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Launched in November 2023, the plan is expected to expand the range of European launch service options, promote the construction of Europe’s independent commercial launch capabilities, and pave the way for the successor of Ariane 6.
3. SpaceX will carry out mankind’s first polar orbit manned flight
SpaceX plans to launch the Fram2 mission on April 1, 2025, Beijing time. This is the first orbital mission for humans to fly over the Earth’s poles. Four non-professional astronauts will enter a polar orbit 425-450 kilometers high to conduct scientific observations for 3-5 days.
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Fram2 will be SpaceX’s sixth commercial manned space mission. This mission will not only enable humans to overlook the North and South Pole from low-Earth orbit for the first time, but also verify the feasibility of commercial space industrialization with an all-civilian crew.
