Elon Musk is reportedly planning to allocate 30% of new SpaceX shares to retail investors, while the Aerospace ETF Tianhong (159241) has consecutively "attracted funds" for two days, accumulating over 19 million yuan.

On March 27, the three major indexes opened lower across the board. The Shanghai Composite Index opened lower by 0.95%, the Shenzhen Component Index opened lower by 1.34%, and the ChiNext Price Index opened lower by 1.10%. The CSI Guozheng Aerospace & Aviation Industry Index fell 0.68%. Among the constituent stocks of this index, China Construction Industry hit the daily limit up, Great Wall Military Industry rose more than 4%, Inner Mongolia First Machinery rose nearly 2%, and five stocks including Guoke Military Industry and Sinotech UAV rose more than 1%.

For related ETFs, Aerospace and Aviation ETF Tianhong (159241) had a trading value of 3.6199 million yuan as of the time of publication.

In terms of capital flows, according to Wind data, the ETF saw a net inflow of 25.705 million yuan on the previous trading day (March 26). As of the previous trading day, it had received net inflows for two consecutive trading days, with cumulative net inflows of 1940.31 million yuan. The ETF’s latest outstanding shares were 725 million units, and its latest outstanding value was 927 million yuan.

Aerospace and Aviation ETF Tianhong (159241) tracks the CSI Guozheng Aerospace Index, which precisely covers the space-to-air industry chain. Among them, the combined weight of aerospace equipment and space equipment exceeds 68%. Its top ten heavy holdings include key state-owned enterprises such as Aero Engine, AVIC Shenyang Aircraft, and AVIC Chengdu Aircraft, which have both the stability of core assets and the growth upside of mid- to small-cap companies.

As for the news, according to Caixin (and via financial news), the latest information reported in the early hours of Friday Beijing time shows that Musk is discussing allocating as much as 30% of new SpaceX shares to individual investors, relying on his fanatical fanbase to help stabilize the stock price after the listing. Under U.S. stock IPO conventions, listed companies typically allocate only 5% to 10% of shares to retail investors that have no lock-up restrictions.

CITIC Securities research notes say that around 2026, the commercial aerospace industry will enter a crucial turning point from “technology validation” to “scale-driven industrialization.” The trends of large launch capacity and low cost will lead the industry into a new era, and space computing power will further expand the industry’s ceiling. Advances in areas such as lunar exploration, deep-space exploration, and space travel will continue to expand industrial potential.