CITIC Securities research note: Long March-10B maiden flight on July 10, 2026 achieved the world’s first sea-net controlled recovery of a rocket first stage. The breakthrough could materially cut satellite launch costs, accelerate constellation deplo

2026-07-13

CITIC Securities research note: Long March-10B maiden flight on July 10, 2026 achieved the world’s first sea-net controlled recovery of a rocket first stage. The breakthrough could materially cut satellite launch costs, accelerate constellation deployment and trigger substantial capex in China’s commercial space sector. Recommend focus on private reusable-rocket firms’ recovery-technology validation, pace of satellite-manufacturing capacity scale-up, and private commercial-space IPO activity in 2026–27.