On the evening of March 23rd, private rocket enterprise Beijing Yushi Space Aerospace Technology Co., Ltd. (hereinafter referred to as Yushi Space) announced the completion of a 200 million yuan Pre-A+round of financing for rocket assembly testing, chopstick recycling technology verification, rocket production capacity construction, and team building.
According to Interface News, this commercial aerospace enterprise, which has been established for less than two years, has investors including Xinwei Venture Capital, a related party in the photovoltaic industry.
According to the Tianyancha APP, the full name of Xinwei Venture Capital is Suzhou Xinwei Venture Capital Partnership Enterprise (Limited Partnership), and its major shareholder is Maiwei Co., Ltd. (300751. SZ), a leading photovoltaic equipment company, which holds a 45% stake.
A few days ago, there were rumors in the industry that Tesla was seeking to purchase photovoltaic production equipment worth $2.9 billion (about 20 billion yuan) from Chinese suppliers, with Maiwei Corporation being one of the main suppliers. Musk's solar power generation plan is mainly used for powering satellites of Tesla and SpaceX.
Maiwei Shares has not publicly responded to the authenticity of the aforementioned order. But from the perspective of layout trends, the company has entered the commercial aerospace supply chain through investment.
With Musk igniting the space photovoltaic boom, in addition to Maiwei Corporation, multiple photovoltaic companies are accelerating their entry into the commercial aerospace track, and some companies have directly participated in aerospace projects.
According to Interface News, more than one photovoltaic company has participated in the new round of financing for Yuanxin Satellite, including leading component companies.
Yuanxin Satellite is one of the two major low orbit constellation operators in China, serving as the main operator for the construction and operation of the Qianfan constellation. On March 10th, Yuanxin Satellite announced a pre disclosed capital increase project, but did not disclose the amount, purpose, etc.
Meanwhile, Interface News has learned from various sources in the industry chain that multiple photovoltaic companies are reaching out to various types of commercial aerospace enterprises, especially in the satellite sector, in order to seek potential investment targets and opportunities.
Many new energy companies are looking for related projects, "an industry insider told Interface News reporters. A few months ago, during the hottest stage of commercial aerospace, some participants only slowed down halfway, leaving no room for relatively high-quality core investment shares.
At present, the internal competition in the ground photovoltaic industry is intensifying, and enterprises are stepping up their layout in the aerospace field. Firstly, they hope to seize the incremental market of space photovoltaics, and further bind to the national commercial aerospace and new energy strategies, opening up a long-term second growth curve.
According to Interface News, Junda Corporation is currently the most deeply and directly involved photovoltaic enterprise in the aerospace field. It is also the earliest enterprise in the industry to enter commercial aerospace.
Last year, Junda Corporation (002865. SZ) reached a cooperation agreement with satellite battery company Shangyi Optoelectronics. At the beginning of the year, Junda Corporation announced a subscription of 30 million yuan for the equity of Xingyi Xinneng. Subsequently, the company also established a space technology company to further expand into the commercial aerospace field.
In February, Junda Holdings acquired a 60% stake in XunTianqianhe, marking a more explicit cross-border move. Public data shows that Xuntian Qianhe is located in the G60 Space Internet Industrial Base in Songjiang District, Shanghai. The technical team is from the overall unit of Aerospace Science and Technology Group, and has experience in developing nearly 100 commercial satellites.
Earlier, wind power leader Goldwind Technology (002202. SZ) held 14.9084 million shares of rocket company Blue Arrow Aerospace through a wholly-owned subsidiary, corresponding to 4.1412% of the shares.
Overall, new energy enterprises, including photovoltaics, are currently extending into the aerospace industry in the form of participating in space energy projects, mostly for technology adaptation and scenario verification.
For example, wind power leader Mingyang Intelligent (601615. SH) plans to acquire Dehua chips and enter the fields of gallium arsenide space solar cells and flexible batteries. Shanghai Port (605598. SH) and Oriental Sunrise (300118. SZ) have signed a strategic cooperation agreement, with plans to focus on the research and industrialization of "perovskite+p-type HJT battery stack technology", promoting the diversified application and commercialization of space energy.