Shares of companies in the commercial space sector experienced a collective rise. At the time of writing, DRINDA (02865) was up 8.32% to HK$47.9; CHINA AEROSPACE (00031) gained 5.17% to HK$0.61; APT SATELLITE (01045) increased by 4.5% to HK$4.18; and AVICHINA (02357) rose 2.84% to HK$3.62.

The catalyst for the move is news that commercial space giant SpaceX is expected to go public this summer, with a potential valuation of around $1.75 trillion, which could make it one of the largest initial public offerings in history.

Huaxi Securities noted that the anticipated SpaceX IPO could elevate the Starship V3 from a single test flight event to a global pricing event for commercial space assets. The firm stated that the Starlink V3 network, long-term AI narratives, and low-cost orbital access capabilities will become core variables in its valuation framework.

CITIC Securities highlighted that the commercial space sector is poised for a series of catalysts. These include the planned maiden flight of the Long March 10B rocket in mid-to-late May, the inaugural launch of Galactic Energy's Zhishenxing-1 rocket also scheduled for late May, and the Blue Arrow Aerospace's Zhuque-3 rocket's renewed attempt at first-stage recovery within the second quarter.