The Zhitong Finance App learned that Western Securities released a research report saying that on July 10, 2026, the Long March 10B carrier rocket successfully flew for the first time at the Hainan commercial space launch site, and a sub-stage captured vertical recycling through the “Pilot” recycling ship's tick-shaped network system. The breakthrough in recyclable rocket technology is seen as a key inflection point in commercial space towards large-scale commercial operation. In the second half of the year, many recyclable rockets are expected to be tested for their first flight. Recyclable rocket technology has broken through or ushered in an industrial inflection point where launch frequency increases and costs decrease. High-frequency launches drive the accelerated networking of low-orbit satellite constellations, creating a double “quantitative increase+iterative acceleration” of upstream materials for rockets and satellites.
The main views of Western Securities are as follows:
Carbon fiber material
Carbon fiber and its composite materials are mainly used in rocket/satellite terminals for bearing structural parts such as arrow structures, propellant tanks, satellite mounts, payload adapters, etc., as well as key components such as solid engine housings. High-frequency launch means a systematic increase in demand for carbon fiber. At the same time, the cost reduction brought about by recyclability will release more demand for satellite launches and drive the increase in carbon fiber used in satellite structures. Recommended attention: Zhongjian Technology, Guangwei Composites, Zhongfu Condor, Heshun Technology.
UHMWPE fiber
UHMWPE fiber has extremely high specific strength and impact resistance, and can be used in lightweight ropes, protective structures, deceleration parachute tethers, etc. in space terminals. In network recycling scenarios, high-strength lightweight fiber has potential application prospects in blocking cable/suspension systems and offshore recycling operations. The “lightweight+high strength” characteristics of UHMWPE fiber are highly compatible with the “simplified arrow, structural weight reduction” route of mesh recycling. Recommended attention: Tongyizhong, Nanshan Zhishang.
Aramid/aramid paper/honeycomb/high performance heat protection and high temperature resistant materials
Aramid fiber and its derivatives (aramid paper, aramid honeycomb) are mainly used in space terminals for lightweight honeycomb sandwich structures, bulletproof/shatterproof protective layers, high temperature resistant insulation materials, etc. Aramid honeycomb structures have extremely high specific stiffness and are a key material for weight reduction in large structures such as satellite panels and rocket fairings. Shengquan Group's self-developed high-performance thermal protection products are used in two key equipment: rocket launch platforms and recycling platforms. Sirui New Materials's main products include liquid rocket engine thrust interior wall materials. Recommended attention: Taihe New Materials, Minshida, Shengquan Group, Sirui New Materials (covered).
Special polymer materials
Polyimide (PI) films are mainly used in space terminals for thermal control materials (multi-layer insulation blankets), electrical insulation, flexible solar wing substrates/packaging materials, etc. Transparent polyimide (CPI) films are resistant to atomic oxygen, space radiation, UV, etc., and are suitable for flexible solar wing packaging. High-frequency transmission drives accelerated networking of low-orbit satellite constellations, directly driving demand for PI/CPI films for satellites. Recommended attention: Ruihuatai and Walter Co., Ltd.
Ceramic/quartz materials
Advanced ceramic materials can be used in aerospace terminals for antenna covers, high temperature resistant heat-resistant parts, electronic packaging substrates, etc. High-purity quartz materials are mainly used in the fields of semiconductors, photovoltaics, optical fibers, etc., and applications in space terminals include optical windows, precision quartz devices, etc. Recommended attention: National Porcelain Materials, Quartz Co., Ltd.
Risk warning: risks such as large-scale reuse falling short of expectations, satellite emissions falling short of expectations, and customer verification falling short of expectations.