Shares of commercial space concept stocks mostly advanced. At the time of writing, Hainan Drinda New Energy Technology Co.,Ltd. (02865) rose 5.94% to HK$46; Goldwind (02208) gained 3.88% to HK$17.39; Lens Technology (06613) was up 2.94% at HK$21.72; APT SATELLITE (01045) increased 2.52% to HK$4.07.

On the news front, according to market media reports, SpaceX is in talks with Alphabet regarding a rocket launch agreement. As Alphabet advances its "orbital data center" project, the two may develop a complex relationship of both cooperation and competition in the field of space computing. Sources indicate Alphabet hopes to leverage SpaceX's launch capabilities to send its in-development orbital data centers into space. Concurrently, this unproven technology is viewed by SpaceX CEO Elon Musk as the next frontier for his rocket company. One of the people familiar with the matter stated Alphabet is also in discussions with other rocket launch companies regarding potential collaborations.

Guojin Securities noted that SpaceX's IPO is accelerating, with the fastest timeline suggesting a filing in May and a Nasdaq listing in June, targeting a valuation exceeding $2 trillion. The Starship V3 is scheduled for its maiden flight in May, which will include in-orbit propellant transfer tests. A global commercial rollout of Starlink's direct-to-cell phone service is expected to surge in June. The countdown is on for Rocket Lab's reusable Neutron rocket, with its first flight anticipated in August. With these multiple milestones converging, the commercial space industry is entering a period of intense technology validation and commercialization realization.