Hua Xi Securities: Commercially recyclable rockets iterating faster, computing power demand spawning chip opportunities.

Huaxi Securities released a research report stating that on the 11th China Aerospace Day on April 24th, Blue Arrow Aerospace officially announced that the Zhuque-3 remote two rocket has entered the factory preparation stage, with an expected launch and recovery in the second quarter of 2026. Since its maiden flight in December 2025, the remote two rocket iteration cycle is only over four months, demonstrating high-efficiency engineering capabilities. With the accelerated landing of commercial aerospace, the demand for computing power has given rise to opportunities on the chip-side, and the related sectors still have configuration value.