Securities Daily: Give more patience to the development of the commercial aerospace industry.

The article states that the high complexity of commercial spaceflight often leads to its development being accompanied by setbacks. We should approach launch failures rationally and focus on the progress of fault diagnosis. Currently, China's commercial space industry has two major structural advantages. On one hand, benefiting from a rigorous "zero-error" mechanism, China's commercial space industry can systematically identify faults and accelerate technological iteration. On the other hand, the parallel exploration of diverse technological routes has formed a pattern of risk diversification and technological complementarity, which is expected to significantly shorten the technology maturity period and achieve substantial breakthroughs in key areas. At the same time, the long-term healthy development of the commercial space industry requires patient support from matching capital. Commercial space technology has a high threshold and a long validation period, and is still in a critical stage of market cultivation and capacity building. Capital should focus on the long term, concentrate on companies with core technological strength and clear commercial paths, and avoid short-term speculation that disrupts the industry's development rhythm.