Blue Arrow Aerospace Science and Technology Innovation Board IPO was accepted and plans to raise 7.5 billion yuan to bet on recyclable rockets

On December 31, according to the official website of the Shanghai Stock Exchange disclosed this evening,Blue Arrow Aerospace Technology Co., Ltd.'s (Blue Arrow Aerospace) Science and Technology Innovation Board IPO application has been officially accepted. This commercial aerospace company focuses on the research and development of liquid oxygen methane engines and launch vehicles.Plans to raise 7.5 billion yuan, after deducting issuance fees, all funds will be invested inReusable rocket production capacity and technology improvement project.

This Blue Arrow Aerospace sprint IPO has a significant policy background. Just on December 26, the Shanghai Stock Exchange issued guidelines for commercial rocket companies to apply the fifth set of listing standards on the Science and Technology Innovation Board, aiming to promote innovative development in the commercial aerospace field. Prospectus disclosure,Blue Arrow Aerospace has not yet achieved profitability, so chooseThe fifth set of standards for the Science and Technology Innovation BoardApply for listing. This standard allows companies that have made breakthroughs in key core technologies and have original leading technologies but are not yet profitable in the research and development stage to go public, which is consistent with the high-investment and long-cycle industry characteristics of commercial aerospace.

In terms of technical verification, Blue Arrow Aerospace has made frequent moves recently. According to public reports, on December 3Zhuque 3 reuse launch vehicleIt has just completed its launch into orbit and conducted the first domestic launch vehicle first-stage recovery attempt. This flight verified the structural thermal protection and aerodynamic layout design of the rocket during the "supersonic re-entry aerodynamic taxiing stage", and also tested the composite control strategy of the cold air reaction control system and the grid rudder. This IPO raises funds to expand production, which is intended to further accelerate the engineering implementation and commercialization process of its liquid oxygen methane recovery technology route.