-+ 0.00%
-+ 0.00%
-+ 0.00%
According to the CITIC Construction Investment Research Report, on August 25, SpaceX announced that it will invest 100 billion US dollars in Vermilion Parish in Louisiana, USA to build the largest launch site on Earth. More than 10 launch towers are planned, more than 30 starship flights per day, and thousands of launches per year. Construction will begin in 2027, with the first flight as early as 2029. According to CITIC Construction Investment's judgment, China's military industry has evolved from a model that relied on a single domestic demand in the past to a new three-wheel drive development pattern, and the growth momentum is more diverse and sustainable. The pattern of “building a foundation for domestic demand, expanding foreign trade, and civilian backfeeding” is profoundly reshaping the face and borders of China's military industry. The industry is shifting from “cyclical growth” to “comprehensive growth.” The spillover of cutting-edge military technology into the civilian sector has spawned trillion-level new industries such as commercial aerospace, low-altitude economy, future energy, deep-sea technology, and large aircraft, driving the development of new processes, new materials, and new devices, forming a virtuous cycle of “military technology and civilian use, feeding back the military industry.”
Share
Listen to the news
According to the CITIC Construction Investment Research Report, on August 25, SpaceX announced that it will invest 100 billion US dollars in Vermilion Parish in Louisiana, USA to build the largest launch site on Earth. More than 10 launch towers are planned, more than 30 starship flights per day, and thousands of launches per year. Construction will begin in 2027, with the first flight as early as 2029. According to CITIC Construction Investment's judgment, China's military industry has evolved from a model that relied on a single domestic demand in the past to a new three-wheel drive development pattern, and the growth momentum is more diverse and sustainable. The pattern of “building a foundation for domestic demand, expanding foreign trade, and civilian backfeeding” is profoundly reshaping the face and borders of China's military industry. The industry is shifting from “cyclical growth” to “comprehensive growth.” The spillover of cutting-edge military technology into the civilian sector has spawned trillion-level new industries such as commercial aerospace, low-altitude economy, future energy, deep-sea technology, and large aircraft, driving the development of new processes, new materials, and new devices, forming a virtuous cycle of “military technology and civilian use, feeding back the military industry.”
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending