Chapter 126 Adding fire
IPO is always the fastest way to raise funds. The Chinese stock market will not take into account the limited amount of market funds. Too many IPO projects and raising too much funds will drain the water from the pool. , which in turn caused the stock market to crash.
Unlike U.S. stocks, A-shares are not the lifeblood of China. They are at best a chamber pot. They are not essentially different from real estate. They are both used to solve corporate financing problems, enable companies to survive, and then ensure employment.
It can be seen from the design of the rules of the stock market and the penalties for illegal operations in subsequent operations that the purpose of setting up A shares has never included allowing investors to enjoy the dividends of corporate development.
So let alone Guangjia Aerospace raising 35 billion RMB, if this number is doubled and doubled again, the IPO project will pass. And as long as you go public, Chinese financial institutions have many ways to help you find a successor.
Not to mention technologies like perovskite cells that have already been implemented, photovoltaic power stations have begun to be used on a large scale, and new energy vehicles will start to be used in new energy vehicles this year. They can blow into the sky. The space station project of Guangjia Aerospace is still on paper. On the surface, they can throw economic benefits and expected returns into the sky for you.
Calculate a theoretical value that is simply impossible, and new terms appear one after another.
Flying car, first gives you a confusing professional term: electric vertical take-off and landing aircraft, then comes an English abbreviation: eVTOL, and finally gives it to related companies to package a new term for the entire low-altitude economic industry .
This group of financial institutions dare to boast that flying cars will have a market size of trillions in China in the future.
First of all, let’s not talk about legislative difficulties, urban interface transformation, and whether technology can realize these in the short term. Just use a calculator to calculate that it is impossible.
The most popular million-dollar luxury car in China is the Maybach S-class, with annual sales of about 23,000 units. As for the entire flying car, the number of people with the purchasing power and willingness to buy it is at most this value. According to a $1,000 flying car Counting tens of millions, the market size is only 200 billion at best.
Where to generate a market size of trillions?
Seeing the concepts hyped by these financial institutions, you will wonder whether you are mentally retarded or they are mentally retarded.
(After seeing it today, Crow felt that his IQ was insulted)
Therefore, financial institutions feel that Guangjia Aerospace should be listed on the Science and Technology Innovation Board instead of listing on NASDAQ. That’s fine, only after it’s listed can we create hype and concepts.
Given China's current support for industrial upgrading and transformation, the listing of Guangjia Aerospace is definitely a green light.
At the financing promotion meeting, an investment representative asked this question. Chen Yuanguang made it clear that Guangjia Aerospace would not be listed, which dashed this expectation. This is why only a few institutions were willing to invest in the end. .
Guangjia Aerospace is listed on the market. No matter how large the scale of this round of fundraising is, they will all invest, because in the end Guangjia Aerospace will be left in the secondary market to find jiucai to take over.
Not being listed means that equity can only be transferred in the primary market, and it is much more difficult to find a successor in the primary market.
During the process of negotiating financing, Guangjia Aerospace launched intensive rocket launches and launched Trailblazer 2 three times in just two months. All three Trailblazer 2 launches were successful and at the same time achieved boosting The recycling of radiators and fairings has given investors confidence to a certain extent.
Chinese netizens are full of joy, believing that it will be just around the corner for Guangjia Aerospace to catch up with SpaceX.
“The success rate and recovery progress of Trailblazer 2 are the same as cheating.”
“When will Light God launch our own Starlink project? Will it be called Lightlink again? Well, that’s too ugly, and Jia Lian’s words are even worse.”
“Another jewel in the crown of industry is missing, and recyclable rocket technology is no longer valuable.”
"The only difference between it and SpaceX's Falcon 9 is its carrying capacity. At this rate, it will take at least two years to catch up."
On the other hand, some people in Europe are also paying close attention to the trends of Light Armor Aerospace. The better the performance of Trailblazer 2, the more excited they are.
“The EU is the EU of Europeans, not the EU of Amerikan. Light Armor Aerospace has proven its technology and we need this technology.
The Vulcan engine is twenty years old There is nothing sensitive about the former engine. This deal is definitely a profit for us.
Exchanging the technology of twenty years ago for the most advanced recyclable rocket technology, what reason do we have to refuse? "Joseph? We are ecstatic after receiving the feedback from Ulf and Frank and believe that this is a unique opportunity for the EU to once again have its voice in the space field.
Europe has lagged behind in the aerospace field for too long. They no longer have the so-called ambition to become the world's aerospace leader at the beginning of the 21st century. It would be good to return to the top three step by step.
Europe's progress in the aerospace field in the past ten years is not even as good as that of the war-torn country.
Take Germany, one of the core engines of the EU, as an example. Germany’s aerospace manufacturing revenue was 41 billion euros in 19, 31 billion euros in 20, and 31.4 billion euros in 21. The decline was very obvious. In total, more than 8,000 jobs were lost.
The aerospace manufacturing industry here includes civil aviation and military aviation. If we only count the space field, it will only be a pitiful 2.6 billion euros in 21 years.
Those who don’t know think that Da Mao is attacking the German mainland.
France is not much better.
The aerospace industry across Europe has shrunk severely, and Joseph has been under tremendous pressure in recent years. From the private sector to Brussels, many people believe that the European aerospace industry is declining day by day, and he is mainly responsible for his poor leadership.
Josef wants to refute these remarks, but he has to show results. This deal with Light Armor Aerospace is his best opportunity, and it may also be the EU's only opportunity in so many years.
But this cannot be accomplished solely by relying on the power of the European Space Agency. The EU Parliament must play a role in it.
This time he met with influential members of the European Parliament to communicate privately, in order to find out what was going on.
"Joseph, the EU is certainly not a subsidiary of Amerikan, but we must consider Washington's attitude on this matter." Giuseppe Porcaro's answer made Joseph want to punch him in the face On the big nose.
"Mr. Porcaro, Light Armor Aerospace is the only organization willing to sell recyclable rockets. If SpaceX is willing to trade, then we will never have any ideas. The problem is that SpaceX will not.
Let's chat with SpaceX However, they said it was impossible to sell the technology and the EU could only buy SpaceX's services." Joseph's face was full of helplessness.
Porcaro shook his head slowly: "This will affect Amerikan's interests, won't it?"
Joseph couldn't believe his ears. Porcaro is a very influential figure in the EU Parliament. , because he is one of the founders of Bruegel, an economic policy think tank in Brussels, which provides analysis for Brussels' decision-making all year round.
The reason why Joseph went to Porcaro first was because Porcaro was seen by the outside world as an obvious hardliner and believed in the EU priority principle, and he also had a bad attitude towards SpaceX, which he once disclosed in an interview. Said:
"Elon Musk is the only actor who stands out in the field of commercial aerospace."
As a result, the other party actually behaved this way in private.
Joseph felt dejected in his heart, "So we have to look at Amerikan's face, right?"
Porcaro also realized that he had said the wrong thing, and quickly added: "Because at this time It’s a bit special, we need American’s support, otherwise we won’t be able to fight against Da Mao on the northern battlefield.”
Joseph thought to himself, these are two different things, one code equals the other, American’s support for the northern battlefield is for. their own interests, not just those of the EU.
"Mr. Porcaro, this is our plan. If we can obtain the recyclable rocket technology of Light Armor Aerospace, our local security satellite constellation infrastructure plan can reduce the cost by at least 50%."
In order to catch up in the aerospace field, the European Union announced its own indigenous security satellite constellation infrastructure plan.
The plan includes including low-Earth orbiting probes that will work in conjunction with two other existing satellite networks, Galileo and Copernicus.
The entire program has a budget of 6 billion euros and is expected to be fully launched in 2027. It will eventually equip the EU with a satellite constellation fully owned and operated by the EU. The satellite constellation will provide EU authorities and enterprises with fast, Secure and reliable network services and ensure smooth network connectivity, including in remote areas.
This can be seen as a scaled-down version of the European Union’s Starlink project.
Joseph continued: "And the time can be advanced to 25 years to realize the launch of the entire planned satellite."
Porcaro was already a little impatient. He picked up the information that Joseph placed on Ash's desk. , flipped through it twice, "Okay, I understand, I will seriously discuss this issue with my colleagues."
Joseph refused to give up: "Mr. Porcaro, buy technology, the same It is a technology that is completely independent and controllable by the European Union."
Pokallo said coldly: "I understand, Mr. Joseph."
Joseph left Pokallo's shop feeling frustrated. Office, he planned to visit at least five congressmen this round. After visiting three, he had no motivation.
The tone of these people is almost the same, they all have to get Amerikan's consent. Amerikan is just like their father, he is still his biological father.
Joseph also wanted to understand the so-called EU's need to reduce its reliance on Americen in promoting its satellite constellation plan. It cannot rely on SpaceX and needs to have its own technology.
The European Space Agency is not given the budget, and commercial aerospace companies within Europe are required to compete, and time is given very little. The satellite constellation must be deployed in 2027. This is not the EU's commercial aerospace group at all. The company can do it.
Joseph figured it out. In the early stage, he set the budget first on the grounds of improving autonomy and controllability, and later gave the project to SpaceX on the grounds of time pressure. Now you want to use Guangjia Aerospace to intervene and destroy their plans. It is completely understandable that the EU parliamentarians are so cold.
The European Space Agency is in Paris, and Joseph only occasionally comes to Brussels for meetings. He used to read on the Internet that Brussels was a smoky mess and a bunch of puppets. He thought it was an exaggeration. But now he realized after traveling there because of this matter. Helping puppets is underestimated.
When leaving Brussels, the sky over Brussels was filled with dark clouds. During Joseph's stay, it rained continuously, and the bad mood caused by things not progressing smoothly worsened again.
He did not choose to return to Paris, but took a flight to Cologne-Bonn Airport.
As soon as Joseph put his luggage in the hotel, there was a knock on the door. Joseph thought for a while that he was being followed. Then he thought about it. This matter had already failed in Brussels, so he would not give him a chance here. Gun.
But he still cautiously approached the peephole and looked out. When he saw it was Ulf, he immediately relaxed.
"The general situation is this. We cannot count on Brussels, and with the European Space Agency's own capabilities, it is simply impossible to bypass the Wassenaar Agreement.
So this matter can only be dropped." Joseph finished speaking. People are more tired.
Ulf and Joseph worked together for a short time, but they had a good personal relationship. In a sense, Ulf was Joseph's teacher.
After hearing this, he shook his head: "It's so depraved. No wonder the EU has become what it is today."
Then Ulf continued: "I have been thinking about this recently. Well, I guessed that the EU would react this way.
Rather than counting on them to help do this, count on yourself. "
Joseph read Ulf's potential meaning. He raised his head with hope in his eyes: "You mean? "
Ulf nodded: "Yes, we still have a way.
There is no SEP now. "
Joseph thought for a while, and then realized what Ulf was talking about. SEP, the full name is European Power Plant Manufacturing Company, the developer of the Vulcan engine.
"Where is the Vulcan engine technology?"
Ulf continued: "Snecma."
Snecma, a subsidiary of Safran Group, mainly produces aircraft engines. Supplies to Airbus.
"Compared to the European Union, Paris has a much greater degree of autonomy. I have to go back to Paris." After speaking, Joseph got up and prepared to pack his luggage. Regardless of his tired body, he took out his mobile phone and prepared to book a ticket.
Ulf did not let him stay. Compared with the occasional meeting between old friends, buying the technology of light armor aerospace was much more important.
"Be safe."
But Ulf would not have thought that this would be the last time he and Joseph would see each other.
Compared with the EU, France can be said to be completely rebellious. Not long ago, *** led a team to visit China.
In Joseph's opinion, the possibility of convincing *** is much greater.
“The technology and patents of the Vulcan engine are in the hands of Snecma. We can choose a suitable commercial airline, Snecma will sell the patent to this company, and then this company will complete the transaction with Guangjia Aerospace .
French commercial aerospace companies will assume the responsibility of launching satellites for the EU Constellation Infrastructure Plan, and French companies will master recyclable rocket technology.”
The reason why Snecma cannot trade directly is because it is afraid of being sold by AmeriCorps. Ken was blacklisted. The blacklisting would affect the sales of Snecma's conventional engines, which would in turn affect the business.
After finding ***, Joseph successfully convinced him that the reason why the other party would visit China was next year. Under the pressure of the general election, he urgently needed political performance to boost his polls.
Now Joseph sent him another pillow.
With the help of ***, Joseph made a careful plan. And start pushing.
France on the other side of the ocean is trying to be a spoiler, trying to reach an Apollo deal with Guangjia Aerospace in the new century. Chen Yuanguang has no idea at this time.
There was no news from Ulf and Frank after they returned, and there was no feedback from Huaguo Technology Import and Export Company.
He thought it was lost, but the rocket engine technology deal with Damao was proceeding in an orderly manner, so he almost forgot about the potential cooperation opportunities in Europe.
The hottest news on the Internet in China right now is the normal temperature superconductor named LK99.
If you only read Zhihu, you will find that they are all superconductor experts. Everyone can say a word or two. Everyone is dreaming about the wonderful life after the realization of room temperature superconductivity. The earth is about to become productive. It’s time to break out.
First, the Korean team announced the successful synthesis of the world's first room temperature and normal pressure superconductor, which they named LK-99. This thing can behave as a superconductor below 127°C.
Because there are complete data and pictures, it seems to be something like that, and people on the Internet started to eat melons one after another. Later, the Chinese research team began to follow up.
Everyone successfully reproduced zero resistance and found that there seems to be something to this thing.
Everyone became more enthusiastic about eating melons, and they all started to bake bricks, because the manufacturing mode of LK99 is firing, which is a bit like making alchemy.
To put it simply, several various compounds are mixed together and then heated at high temperature for several hours. The powder undergoes a chemical reaction to obtain a copper-doped lead-apatite crystal.
After Chen Yuanguang saw it, he immediately went to the future to check the literature to see how room temperature superconductivity would be realized in the future.
In the future space and time, room temperature superconductivity has been prepared, but most of these materials are used on chips. Alpha uses superconducting quantum chips for itself.
It is precisely because of the iteration of materials that Alpha becomes more and more intelligent.
As for the preparation of normal-temperature superconductors in future space and time, if it is to be reproduced in modern time and space, Chen Yuanguang estimates that it will not be possible for at least twenty years.
Because there are too many basic materials to break through, it is not just room temperature superconductivity.
And what the Koreans did this time is also recorded in the future time and space, and it is a dead end.
To put it simply, superconductivity generally requires low temperature or high pressure to occur. When electrons pass through the crystal lattice, they vibrate. The vibrating particles hit the passing electrons and produce resistance.
Low temperature can reduce the activity of particles, so that particles will not vibrate greatly due to the flow of electrons. High pressure causes particles to be suppressed by pressure, making it difficult for particles to vibrate under high pressure.
Following this technical route of LK99, it is achieved by using the pressure between particles.
They used copper particles to wrap the lead particles around the outside, and the gaps between the particles were filled with phosphate, because lead is a heavy element and does not change. In this way, the pressure of the lead particles is used to tightly press it. The oxygen in the middle.
To enlarge it, it can be understood as equivalent to building a copper-covered lead-core pipe, using the pressure of lead to press the oxygen particles inside. The oxygen particles inside are difficult to vibrate after being pressed by the pressure. If the electrons are allowed to flow through, they will not be generated due to the vibration of the particles. resistance.
It looks like the same thing, and the thing made looks like the same thing.
It seems that there has been a breakthrough and superconductors can be produced, but the superconductors made along this technical route cannot be used and have only observational value but no practical value.
But this thing can fool people. Chen Yuanguang quickly realized that this technology has observation value, and some people will be willing to pay for its observation value. It can be sold for at least 10 to 20 billion. Wouldn’t Guangjia Aerospace’s funding gap be filled?
Since public opinion is so hot, I will add fuel to the fire, Chen Yuanguang thought.
LK99 is not only popular in China, but also in foreign countries. It is a hot topic around the world.
The main reason is that we haven’t seen this disruptive technology for too long.
Continue tomorrow!
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(End of this chapter)