Beijing time on September 15 news, recently, private rocket enterprise blue arrow Space Technology Co., Ltd. (hereinafter referred to as “Blue Arrow aerospace”) disclosed that the company has completed 1.2 billion yuan of C + round financing. In the past 12 months, the private commercial aerospace enterprise targeting medium and large liquid rocket products has obtained more than 1.8 billion yuan of investment. The rapid propulsion of blue arrow is not an isolated case. The development of China’s commercial aerospace industry began with the State Council’s guidance on innovation of investment and financing mechanisms in key areas and encouraging social investment issued by the State Council in November 2014. The next year, the national medium and long term development plan for civil space infrastructure (2015-2025) was issued, which clearly encouraged private enterprises to develop commercial aerospace. Therefore, 2015 was called the first year of China’s commercial aerospace. Since then, China’s commercial aerospace team has grown rapidly. By the end of 2019, the market size has increased from 376.42 billion yuan in 2015 to 836.23 billion yuan, with an annual compound growth rate of 22.1%. With the accelerated development of domestic and foreign commercial aerospace enterprises, this industry began to face more fierce competition and more detailed problems. Even if the prospect is broad and the capital is rich, China’s commercial aerospace enterprises still need to face a lot of challenges: while facing the fierce competition at home and abroad, they also need to develop a more complete supply chain and industrial chain in a shorter period of time. < p > < p > on April 1, this year, Weiya went live on time at 8:8 p.m. only half an hour later, a “product” that surprised everyone appeared: rocket. “Weiya, the live carrier with goods, has begun to sell rockets.” viewers once thought it was a trick in the studio on April Fool’s day. As a result, the “big rocket” with a deposit of 500000 yuan was robbed in seconds. More than 800 “big customers” waved and photographed it, calling it cheap. < / P > < p > in the public’s impression, the Rockets should be operated by the “national team”, so this live broadcast may be the first time they have heard of “commercial Rockets”, but in fact, China’s commercial space history can be traced back to 2015. In July 2015, the beijing-2 remote sensing satellite constellation, composed of three high-resolution satellites, was launched in India. This is the first commercial remote sensing satellite project approved by the Chinese government, marking the beginning of China’s commercial aerospace industry. After five years of development, China’s commercial aerospace industry has entered a fast track. According to the blue book of China’s space science and technology activities (2019), in 2019, China has developed and launched more than 40 commercial satellites, mainly micro and nano satellites of less than 100kg, covering communication, remote sensing, technical testing and other fields. Chen Xianfeng, deputy chief engineer of Tianyi Research Institute, said that with the rapid development of the domestic satellite industry, the launch demand is also growing rapidly, and the current number of commercial rocket launches can not fully meet these needs, “which almost needs to be doubled.”. < p > < p > founded in 2016, Tianyi Research Institute is mainly engaged in providing space science experiment and technology verification services for scientists, scientific research institutes, enterprises and individuals at home and abroad. It has a number of in orbit scientific experiments and remote sensing small satellites. According to Chen Xianfeng, it is difficult for satellite companies to obtain the launch schedule in a short period of time, at least half a year or more. This is an urgent problem for both satellite companies and rocket companies. For commercial rocket companies such as blue arrow, the next step is to improve the supply chain and infrastructure to meet the increasing launch demand. Blue arrow space this round of financing funds will also be used in these areas of further construction and refinement. Zhang Changwu, CEO of blue arrow aerospace, said: “our core strategy is not only to solve the first flight test of liquid rocket, but also to solve the batch production problem of rocket in the process of commercialization in the future in the next two years.”. < p > < p > < p > “batch production” is a word frequently mentioned by Zhang Changwu, and the intention of blue arrow aerospace to set up intelligent manufacturing center in Zhejiang is also based on this,. He believes that from the perspective of understanding the industry, the essence of commercial aerospace is a manufacturing intensive industry. Therefore, the mass production capacity of rockets is an important factor to be considered from the early stage of design, but in fact, the formation of batch production capacity needs a long process. < / P > < p > “how to support the mass production of future products through a wider range of industrialization is a core problem that the whole industry needs to solve at the present stage.” Zhang Changwu said, “we are also walking through two legs. On the one hand, we build our own core key capabilities, including our key equipment, key testing capabilities, as well as these plant facilities. On the other hand, we are also actively cultivating our upstream supporting suppliers. After the development of the past few years, I think the whole upstream industry is still becoming more and more mature, which can support the formation of our batch production capacity in the next two or three years. ” Cost reduction is also an important factor in the planning of batch production. Blue arrow is currently reducing costs through the most simplified and standardized design. “In fact, this is not fully reflected in the original aerospace products, including the use of universal design to build the whole rocket power system; including an arrow body diameter, unified pipeline valve, are very important product concepts to reduce costs and improve reliability.” Zhang Changwu disclosed. < p > < p > < p > the constellation network of zhuque-2 liquid oxygen methane carrier rocket is deployed in orbit. Blue arrow space revealed that zhuque-2 will be launched next year. Next, blue arrow hopes to improve its transport capacity, which is also an important part of meeting the market demand. In order to meet the market demand of mass launch of LEO satellites, blue arrow is developing large-scale LOX methane rocket. On the one hand, increasing the number of satellites that can be carried in a single launch is a good way to reduce costs. On the other hand, the development direction of satellite company will directly affect the development plan of Rocket Company. In the process of commercial networking of low earth orbit satellites, the scale of satellites will be about two or three hundred kilograms, or even larger. The function of batch networking requires high rocket transport capacity. Medium and large liquid rockets are the corresponding products to meet this demand. Huang Zhicheng, an aerospace technology expert, is optimistic about the future of private rockets. Most of China’s private rocket companies were established after 2015, but excellent rocket enterprises have been established for more than 60 years, and the status of state-owned aerospace enterprises represented by China Aerospace Science and technology group is still difficult to shake in a short time. The supporting facilities and scientific and technological personnel of state-owned aerospace enterprises are very mature, such as wind tunnel test bed, vibration table and other facilities, which are expensive, and it is difficult for private enterprises to build them in a short time. < / P > < p > more diversified and abundant capital injection may provide some help to solve this problem. According to the financing situation of blue arrow Aerospace this time, investors come from more diverse fields than before, such as Sequoia Capital China fund, country garden venture capital, Huzhou Saiyuan government fund, speed of light China, etc. According to statistics, there are more than 160 commercial aerospace enterprises in China, involving more than 15 A-share companies. Among them, many enterprises including blue arrow Aerospace have completed several rounds of financing in the past few years. In April this year, the satellite Internet was designated by the national development and Reform Commission as one of the “new infrastructure” information infrastructure. According to people’s daily.com, the industry believes that 2020 marks the first year of China’s satellite internet construction. In addition to remote sensing and navigation, communication is one of the three major application directions of satellite services. Satellite Internet, which is based on satellite access to Internet services, is different from the mode of ground network relying on base station. Satellite Internet is more “three-dimensional”. Huang Hua, deputy director of the global low earth orbit satellite mobile communication and space Internet system center of the Fifth Academy of China Aerospace Science and technology group, described the satellite Internet in this way in an interview: “it’s like moving a base station on the ground to space, and every satellite is a mobile base station.”. For ordinary users, Satellite Internet means faster and better experience of cheaper network services. The construction of Leo broadband communication constellation has become an important part of the new round of space race. < / P > < p > the SpaceX “satellite chain” program launched in 2015 will put 1600 satellites into orbit within 2020. In addition, institutions including Amazon, Boeing and other international giants are actively building Leo constellations in order to seize the opportunity to build the satellite Internet. The difficulty and high cost of construction also make most of the satellite internet construction projects concentrated in the hands of a few head organizations. < p > < p > the first Galaxy space satellite independently developed by Galaxy Aerospace (Beijing) Technology Co., Ltd. was successfully launched and entered the scheduled orbit in January this year, which is also the first low earth orbit broadband communication satellite with communication capacity of 16gbps in China. China needs and is accelerating low-cost mass production of satellites, and the rapid development of China’s aerospace industry chain has also provided strong support for commercial aerospace, according to the relevant head of Galaxy aerospace. In the process of R & D and production of the first star of Galaxy aerospace, industrial grade or automobile grade products are used in the innovation of some components. Under the premise of realizing the same functions, the cost will be greatly reduced, and “low cost” and “mass production” will also be the key words in the future R & D process of Galaxy aerospace. < / P > < p > in addition to the development of their own links, the formation of a more complete and mature commercial aerospace ecological chain is also an important goal that the industry needs to achieve faster. Chen Xianfeng disclosed that in addition to rocket transport capacity improvement, launch scheduling, and more mature supply chain, in fact, more mature data services will also have an impact on the industrial chain. Providing higher quality data services directly for end-users will have an impact on the entire industry chain. At the same time, the improvement of data processing level can also improve the service quality provided by satellite companies. < / P > < p > and there is not much time left for the industry to achieve these goals. According to the calculation, the earth’s low earth orbit can accommodate about 60000 satellites. After intensive launching in recent years, the remaining “quota” has become increasingly tense. According to the white paper on the development of China’s satellite Internet industry under the “new infrastructure”, released by CCID Consulting IOT Industry Research Center, it is estimated that there will be little space left in Leo by 2029. Therefore, the competition among satellite enterprises in various countries has become increasingly fierce. The “Satellite Internet” is clearly included in the “new infrastructure”, which is not only a rare opportunity for China’s commercial aerospace industry, especially for private commercial aerospace enterprises, but also may face greater challenges. Global Tech