C STRATEGIC TEC (01725) rose nearly 14%, reaching HK$13.7 by the time of writing, with a turnover of HK$6.63 million. Market sentiment was buoyed by recent remarks from Elon Musk in a social media exchange, hinting at a potential IPO for SpaceX in the near future. Reports suggest SpaceX is targeting a late 2025 or early 2026 listing, with an estimated valuation of around US$1.5 trillion—a figure comparable to Saudi Aramco's record US$1.7 trillion valuation in 2019.

Domestically, China's National Space Administration recently unveiled the "Action Plan for High-Quality and Safe Development of Commercial Space (2025–2027)" and established a dedicated commercial space division. Guojin Securities noted that commercial space has been highlighted in the government work report for two consecutive years, with the 15th Five-Year Plan also emphasizing aerospace development, signaling accelerated industry growth. Huaxi Securities projected that, assuming a 25% annual growth rate, China's commercial space market could approach RMB 10 trillion by 2030, reflecting substantial expansion potential.

C STRATEGIC TEC aligns closely with this growth trajectory. The company has long collaborated with leading international firms to build a comprehensive ecosystem spanning satellite manufacturing, launch, operations, and applications. Recently, it partnered with Qingyuan Qingtou Private Equity to set up a RMB 4 billion industrial M&A fund targeting aerospace technology and advanced manufacturing investments.