On June 5th, the commercial aerospace sector led the market with a strong rally, with Hige Communications briefly hitting the daily limit-up and Aerospace Electron surging over 6%. The Huabao General Aviation ETF (159231) showed volatile strength, with its on-exchange price currently up 2.14%.



Catalysts for the Move

On the domestic front, on June 4th, 2026, China successfully launched 18 "Qianfan Constellation" networking satellites for Yuanxin Satellite into their planned orbit using a Long March 6A carrier rocket from the Taiyuan Satellite Launch Center. All satellites are functioning normally, marking a complete success for the launch mission.

Internationally, the impending IPO of Space Exploration Technologies Corp (SpaceX) is fueling sentiment in the commercial space sector. On June 3rd local time, SpaceX filed documents with the U.S. Securities and Exchange Commission, planning to raise $75 billion at a price of $135 per share, targeting an estimated valuation of $1.77 trillion. The company is scheduled to list on the Nasdaq on June 12th.



Analyst Outlook on the Sector

An analysis from Dongfang Securities indicates a positive outlook for a bottoming rebound in the commercial aerospace sector in June. The sector experienced a significant correction last week, potentially due to a combination of factors including risk sentiment adjustments, potential downward revisions to SpaceX's valuation, and delays in the development progress of domestic rockets and satellites. Looking ahead to June and July, domestic catalysts in rockets and satellites are expected to continue, and SpaceX's overseas listing is imminent. The analysis views commercial aerospace as a strong thematic sector where overall attention is likely to rise rapidly. It favors companies in the SpaceX supply chain, key players in rocket technology, and core domestic companies with early-stage layouts in next-generation satellite technologies.



About the Fund

The Huabao General Aviation ETF (159231) and its feeder funds (Class A: 024766; Class C: 024767) track a benchmark index that comprehensively covers 50 aerospace and aviation component stocks. This includes popular areas such as the low-altitude economy, commercial space, satellite navigation, large aircraft, drones, and military aircraft. The index has a low-altitude economy concept weighting exceeding 88%, a commercial space weighting over 65%, and a satellite navigation concept weighting above 47%, making it a strategic tool for one-stop allocation to China's aerospace and aviation industry chain (as of March 31, 2026).