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CITIC Securities' research report on August 9 pointed out that at 14:42 on August 6, 2024, the Long March 6A Yao 21 carrier rocket was launched from the Taiyuan Satellite Launch Center, accurately sending the Qianfan Polar Orbit 01 satellite into the predetermined orbit. The Qianfan constellation, also known as the "G60 Starlink", aims to launch 108 satellites this year; by the end of 2025, 648 satellites will provide regional network coverage; by the end of 2027, 648 satellites will provide global network coverage; by the end of 2030, 15,000 satellites will provide mobile phone direct connection multi-service integration services. At the same time, policies from multiple departments support private enterprises to participate in the construction of satellite Internet and accelerate industrial development. my country's private rocket company has completed the first flight of the Falcon 1 liquid rocket. In the next stage, it is expected to develop a reusable medium-sized launch vehicle comparable to the Falcon 9. It is expected that 2024-2025 will be a key node for China's commercial rocket technology breakthroughs. At the same time, the construction and commissioning of commercial space launch sites will also lay the foundation for future large-scale launch tests and commercial launches.