Commercial space concept stocks saw a rebound in today's trading session. At the time of writing, Drinda (02865) surged 12.95% to HK$41.65, Goldwind (02208) rose 4% to HK$14.56, APT SATELLITE (01045) increased by 3.5% to HK$4.14, and AVICHINA (02357) advanced 3.47% to HK$4.18.

On the news front, SpaceX's official website released an announcement signed by Elon Musk, stating that SpaceX has acquired xAI. The merged entity will integrate artificial intelligence, rocket technology, space-based internet, and direct-to-mobile communications.

Furthermore, SpaceX recently submitted an application to the U.S. Federal Communications Commission to deploy a million satellites, aiming to construct a massive-scale space data center.

Notably, recent updates on the China Securities Regulatory Commission website show that three companies—Galactic Energy, i-Space, and Space Pioneer—have progressed in their IPO tutoring phases.

Following LandSpace's acceptance for a STAR Market IPO, a total of five major Chinese commercial rocket launch companies have now initiated IPO processes.

Changjiang Securities published a research report indicating that leading commercial space enterprises are expected to experience a wave of concentrated IPOs, which will subsequently boost industry development through capital market activities.

The report recommends focusing on core suppliers across the industrial chain, with particular attention on satellite application-related targets.