China's commercial space sector is entering a phase of intensive launch activities. On March 22, according to China Aerospace Science and Technology Corporation (CASC), the Jielong-3 carrier rocket was successfully ignited and lifted off at 23:49 near the coastal waters of Haiyang, Shandong Province. The rocket subsequently deployed the Weili Space-02 satellite group accurately into their intended orbit, marking a complete success for the mission.

The Jielong-3 rocket was developed under the primary responsibility of the First Academy of China Aerospace Science and Technology Corporation. The rocket utilizes a four-stage solid engine series configuration and is primarily designed for launching spacecraft into Sun-synchronous orbit and low Earth orbit. It has a payload capacity of 1,500 kilograms for a 500-kilometer Sun-synchronous orbit. This mission represented the 10th flight of the Jielong-3 carrier rocket. To date, the Jielong-3 has successfully delivered a cumulative total of 93 satellites into space.

Since the beginning of this month, CASC has completed multiple launch missions. On March 13, the Long March 8A carrier rocket successfully launched the 20-satellite group for a low-orbit satellite internet constellation, while the Long March 2D carrier rocket successfully launched the Test-30 03 and 04 satellites. On March 15, the Long March 6A carrier rocket successfully launched the Yaogan-50 02 satellite.

Furthermore, according to public information, several other Chinese commercial aerospace companies have planned activities. LandSpace's Zhuque-3 and CAS Space's Lijian-2 are scheduled to conduct further recovery tests in the second quarter of this year. Other rockets, including Space Pioneer's Tianlong-3, i-Space's Hyperbola-3, Galactic Energy's Zhishenxing-1, Arrowbyte's Yuanxingzhe-1, Deep Blue Aerospace's Xingyun-1, and Oriental Space's Yinli-2, are also expected to make their maiden flights this year, with many of these models slated to incorporate recovery technology verification.

Guotai Junan Securities points out that space has become a primary arena for competition among major powers in the new era. The United States has intensified its space布局, with NASA planning a return to the moon and SpaceX's Starship entering the stage of reusable flight testing, with plans for large-scale space infrastructure construction in the future. China's commercial aerospace sector is accelerating its efforts to catch up and is expected to master reusable rocket technology within the next five years. Industries such as satellite internet are anticipated to see accelerated development.

In its latest research report, Huaxi Securities suggests that the era of domestic reusable rockets is arriving. The year 2026 is expected to be a peak period for intensive recovery verification tests, which could lead to further reductions in launch costs. Overall, a complementary landscape is forming, characterized by state-led initiatives focusing on heavy-lift capacity and national missions, while private companies concentrate on low-cost, high-frequency, and differentiated launch services.