Chapter 126 Adding fuel to the fire
Going public is always the fastest way to raise funds. The Chinese stock market does not take into account the limited amount of market funds. Too many IPO projects raising too much funds will drain the water from the pool, leading to a stock market crash.

Unlike U.S. stocks, A shares are not China's lifeline. At best, they are a chamber pot. There is no essential difference between them and real estate. Both are used to solve corporate financing problems, allowing companies to survive and thus protect employment.

From the design of stock market rules and the penalties for illegal operations in subsequent operations, it can be seen that the purpose of setting up A-shares has never included allowing investors to enjoy the dividends of corporate development.

Therefore, let alone raising 350 billion RMB for Guangjia Aerospace, even if this number doubles again, the IPO project will be approved. Moreover, as long as you go public, Chinese financial institutions have plenty of ways to help you find buyers.

Not to mention technologies like perovskite batteries, which have already been put into use, photovoltaic power stations have begun to be used on a large scale, and new energy vehicles will also be gradually adopted this year. They can brag about it to the sky, while space station projects like Guangjia Aerospace are still on paper. They can throw economic benefits and expected returns to you to the sky.

Calculating a theoretical value that is impossible to achieve at all, new terms appear one after another.

Flying car, first I give you a whole tongue-twisting professional term: electric vertical take-off and landing aircraft, then an English abbreviation: eVTOL, and finally I give related companies a new term for the entire low-altitude economic industry.

These financial institutions dare to boast that the future flying cars will have a market size of trillions in China.

First of all, without talking about the difficulties of legislation, urban interface transformation, and whether technology can achieve these in the short term, just using a calculator will tell you that it is impossible.

The most popular million-level luxury car in China is the Maybach S-Class, with annual sales of about 2.3 units. As for your entire flying car, the number of people with the purchasing power and willingness to buy it is at most this value. Calculated at million per car, the market size is at most billion.

Where can a market worth trillions of dollars be created?
When you see the concepts hyped by these financial institutions, you will wonder whether you are mentally retarded or they are mentally retarded.

(After seeing this today, I felt like my intelligence was insulted)
Therefore, financial institutions believe that Guangjia Aerospace should go public. If not, it can be listed on the Science and Technology Innovation Board. Only after the listing can it be hyped and have a concept.

Given China's current support for industrial upgrading and transformation, Guangjia Aerospace's listing will definitely be 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 destroyed this expectation. This is also the reason why only a few institutions were willing to invest in the end.

When Guangjia Aerospace goes public, they will invest no matter how large the fundraising scale is, because eventually Guangjia Aerospace will be able to flow into the secondary market and look for jiucai to take over.

Not being listed means that equity can only be circulated in the primary market, and it is much more difficult to find a buyer in the primary market.

During the financing negotiations, Guangjia Aerospace launched rockets intensively, launching Pioneer 2 three times in just two months. All three launches of Pioneer 2 were successful, and the boosters and fairings were recovered, which gave investors confidence to a certain extent.

Chinese netizens were jubilant, believing that it would be just a matter of time before Light Armor Aerospace surpassed SpaceX.

"The success rate and recovery progress of Pioneer II are like cheating."

"When will the God of Light start our own Starlink Project? It won't be called the Light Link again, that's too ugly. The Armor Link is even more ugly."

"Another jewel in the industrial crown has been lost. Reusable rocket technology is no longer valuable."

"The only thing we lack now is the carrying capacity of SpaceX's Falcon 9. At this rate, we will catch up in two years at most."

On the other side, some people in Europe are also keeping a close eye on the developments of Light Armor Aerospace. The better the performance of Pioneer 2, the more excited they are.

"The EU is for Europeans, not for Americans. Guangma Aerospace has proven its technology, and we need it.

The Vulcan engine is an engine from twenty years ago, there is nothing sensitive about it, and we definitely made a profit from this deal.

Why should we refuse to exchange the technology of 20 years ago for the most advanced reusable rocket technology? "Joseph was ecstatic after receiving the feedback from Wolf and Frank, and believed that this was a rare opportunity for the EU to make its voice heard again in the field of aerospace.

Europe has lagged behind in the field of aerospace for too long. They no longer have the ambition to become the world leader in aerospace as they did in the early 21st century. It is already good enough to return to the top three step by step.

Europe's progress in the field of space over the past decade has not even been as good as that of Russia, which is caught up in the war.

Taking Germany, one of the core engines of the European Union, as an example, Germany's aerospace manufacturing revenue was 19 billion euros in 410, 20 billion euros in 310, and 21 billion euros in 314, a very obvious decline, with a total loss of more than jobs.

The aerospace manufacturing industry here includes private aviation and military aviation. If only the space field is counted, it is only a pitiful 21 billion euros in 26 years.

Those who don’t know would think that Russia was attacking the German mainland.

France is not much better.

The aerospace industry in Europe as a whole has shrunk seriously, and Joseph has been under tremendous pressure in recent years. From the public to Brussels, many people believe that the European aerospace industry is deteriorating and he bears the main responsibility for his poor leadership.

Joseph wanted to refute these remarks, but he had to show results. This deal with Light Armor Aerospace was his best chance, and it might also be the only chance for the EU in all these years.

But this cannot be accomplished simply by the European Space Agency; the European Parliament must play a role in it.

This time he communicated privately with influential members of the European Parliament to test the waters.

"Joseph, the EU is certainly not a subsidiary of America, but we must consider Washington's attitude on this matter." Giuseppe Porcaro's answer made Joseph want to punch him on his big nose.

“Mr. Porcaro, Light Armor Aerospace is the only organization willing to sell a reusable rocket. If SpaceX is willing to trade, we will have no idea. The problem is that SpaceX will not.

We talked to SpaceX, and they said it was impossible to sell technology, and the EU could only buy SpaceX's services. "Joseph's face was full of helplessness.

Pocaro shook his head slowly: "This will affect the interests of America, won't it?"

Joseph couldn't believe his ears. Pocaro was a very influential person in the European Parliament because he was one of the founders of Bruegel, an economic policy think tank in Brussels. Bruegel provided analysis for Brussels' decision-making all year round.

The reason why Joseph went to Pocaro first was because Pocaro was seen by the outside world as an obvious hardliner who believed that the EU took precedence, and he also had a bad attitude towards SpaceX. He once publicly stated in an interview:
“Elon Musk is the only actor who stands out in the commercial space industry.”

It turns out that the other party behaves like this in private.

Joseph felt bleak inside, "So we have to see what America looks like, right?"

Pocaro also realized that he had said the wrong thing, and quickly said, "Because this is a special time, we need the support of America, otherwise we will not be able to fight against Russia on the battlefield in the north."

Joseph thought, these are two different things. Let's put one thing first. America supports the northern battlefield for their own interests, not just for the interests of the European Union.

"Mr. Pocaro, this is our proposal. If we can obtain the reusable rocket technology of Light Armor Aerospace, then the cost of our domestic security satellite constellation infrastructure plan can be reduced by at least 50 percent."

In order to catch up in the space sector, the European Union has announced its own domestic security satellite constellation infrastructure plan.

Plans include low-Earth orbit probes that will work in tandem with two other existing satellite networks, Galileo and Copernicus.

The entire plan has a budget of 60 billion euros and is expected to be fully launched in 2027. It will eventually equip the EU with a satellite constellation that is fully owned and operated by the EU. The satellite constellation will provide EU authorities and businesses with fast, secure and reliable network services and ensure network connectivity, including in remote areas.

This can be thought of as a smaller version of the EU's Starlink project.

Joseph went on to say: “And the timeline can be advanced to 25 years to achieve the satellite launch of the entire plan.”

Pocaro was already a little impatient. He picked up the documents that Joseph had placed on the ash desk and flipped through them casually. "Okay, I understand. I will seriously discuss this issue with my colleagues."

Joseph still refused to give up: "Mr. Pocaro, the technology you purchased is also technology that the EU can fully control independently."

Pocaro said coldly, "I understand, Mr. Joseph."

Joseph left Bokaro's office somewhat discouraged. He planned to visit at least five congressmen this time, but after visiting three of them, he had no motivation left.

These people spoke in almost the same tone. They all had to get America's consent. America was like their father, their real father.

Joseph also figured out what the so-called EU needs to do in promoting its satellite constellation plan, reduce its dependence on America, cannot rely on SpaceX, and needs to have its own technology.

The budget is not given to the European Space Agency, and commercial space companies within Europe are left to compete. The time given is also short, and the deployment of the satellite constellation is required by 2027. This is simply not something that the EU's commercial space companies can do.

Joseph figured it out. He made the budget in the early stage on the grounds of improving the degree of autonomy and control, and then gave the project to SpaceX on the grounds of time pressure. Now you want to use Light Armor Aerospace to intervene and disrupt their plans. It is completely understandable that the EU parliamentarians are so cold.

The European Space Agency is in Paris, and Joseph only comes to Brussels occasionally for meetings. He used to read on the Internet that Brussels was a mess and full of puppets, and he thought it was an exaggeration. Now, after making a trip himself for this matter, he realized that the claim of a bunch of puppets was an underestimation.

When leaving Brussels, the sky was covered with dark clouds. During the time Joseph was there, it was cloudy and rainy, and the bad mood caused by the failure to progress things worsened again.

Instead of returning to Paris, he boarded a flight to Cologne Bonn Airport.

Just as Joseph put his luggage in the hotel, someone knocked on the door. Joseph thought for a moment that he was being followed, but then he thought, this matter had already failed in Brussels, so there would be no need to shoot him here.

But he still cautiously leaned forward to the peephole and looked out. When he saw it was Wolf, he relaxed all of a sudden.

"That's basically the situation. We can't count on Brussels, and with the ESA's own capabilities, it's simply impossible to circumvent the Wassenaar Arrangement.

So this matter can only be abandoned." After Joseph finished speaking, he became even more exhausted.

Although Wolfe and Joseph worked together for a short time, they had a good personal relationship. In a sense, Wolfe was Joseph's teacher.

He shook his head after listening to it: "What a decadence! No wonder the EU has become what it is today."

Wolfe then went on to say: “I’ve been thinking about this a lot recently and I expected this reaction from the EU.

It’s better to rely on yourself than on them to help you do this.”

Joseph read Ulf's underlying meaning, and he raised his head with a glimmer of hope in his eyes: "You mean?"

Wulf nodded: "Yes, we still have a way.

There is no SEP anymore.”

Joseph thought about it, and then realized what Wolf was talking about. SEP, the full name is the European Power Plant Manufacturing Company, the developer of the Vulcan engine.

"What about the Vulcan engine technology?"

Ulf continued: "Snecma."

Snecma, a subsidiary of Safran Group, mainly produces aircraft engines and supplies mainly to Airbus.

"Compared with the European Union, Paris has much greater autonomy. I have to go back to Paris." After saying this, Joseph stood up and prepared to pack his luggage. Regardless of his tired body, he took out his mobile phone to book a ticket.

Wolf did not let him stay. Compared with occasional meetings between old friends, buying the technology of Light Armor Aerospace was much more important.

"be careful."

But Wolfe would never have thought that this would be the last time he and Joseph saw each other.

Compared with the European Union, France can be said to be full of rebelliousness. Just recently, *** led a delegation to visit China.

In Joseph's opinion, the chances of convincing *** were much greater.

“The technology and patents of the Vulcan engine are in the hands of Snecma. We can select a suitable commercial airline company, have Snecma sell the patents to this company, and then have this company complete the transaction with Light Armor Aerospace.

French commercial aerospace companies will take on the responsibility of launching satellites for the EU constellation infrastructure plan, and French companies will master the technology of reusable rockets.

The reason why Snecma cannot trade directly is because it is afraid of being blacklisted by American, which will affect the sales of Snecma's conventional engines and further affect its business.

Joseph found *** and successfully persuaded him that the reason why he would visit China was because of the pressure of next year's general election. He urgently needed political achievements to boost his poll numbers.

Now Joseph brought him the pillow again.

Under the operation of the police, Joseph made a careful plan and began to promote it.

France, on the other side of the ocean, is trying to be a troublemaker and reach a new century's Apollo deal with Guangjia Aerospace, but Chen Yuanguang has no idea about it at this time.

There was no news after Wolfe and Frank returned, and there was no feedback from the China National Technical Import and Export Corporation either.

He thought the deal had fallen through, but the rocket engine technology deal with Russia was progressing smoothly, so he almost forgot about the potential cooperation opportunities in Europe.

The hottest news on the entire Chinese Internet right now is the room-temperature superconductor named LK99.

If you only look at Zhihu, you will find that it is full of superconductor experts. Everyone can say a word or two, and everyone is fantasizing about the wonderful life after the realization of room-temperature superconductivity. The earth is about to enter an era of explosive productivity.

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 were complete data and pictures, and it seemed to be the truth, many people on the Internet started to watch it, and later the Chinese research team began to follow up.

We successfully reproduced zero resistance and found that this thing seemed to have some value.

Everyone became more enthusiastic about watching the show and started to make bricks, because the manufacturing mode of LK99 is firing, which feels a bit like alchemy.

Simply put, 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 seeing this, Chen Yuanguang immediately ran to the future to check the literature to see how room-temperature superconductivity would be realized in the future.

In the future, the preparation of room-temperature superconductors has been achieved, but most of these materials are used in chips. Alpha uses superconducting quantum chips for itself.

It is precisely because of the iteration of materials that Alpha’s intelligence becomes higher and higher.

As for the preparation of future space-time room-temperature superconductors, if they are to be reproduced in modern space-time, Chen Yuanguang estimates that it will take at least 20 years.

Because there are too many basic materials that need to be broken through, it is not just about room-temperature superconductivity.

And what the Koreans came up with this time was also recorded in the future time and space, and it was a dead end.

Simply put, superconductivity generally requires low temperature or high pressure to occur. When electrons pass through the lattice, they will vibrate, and when the vibrating particles collide with the passing electrons, resistance will be generated.

Low temperature can reduce the activity of particles, so that the particles will not vibrate greatly due to the flow of electrons. High pressure will suppress the particles, making it difficult for the particles to vibrate under high pressure.

Following the technical route of LK99, this is achieved by using the pressure between particles.

They used copper particles to wrap the lead particles on the outside and filled the gaps between the particles with phosphates. Because lead is a heavy element and is not likely to change, the pressure of the lead particles can tightly press the oxygen in the middle.

If we magnify it, it can be understood as equivalent to building a copper-clad lead pipe, using the pressure of the lead to suppress the oxygen particles inside. The oxygen particles inside are difficult to vibrate after being suppressed by the pressure, so electrons can flow through without generating resistance due to particle vibration.

It looks like the real thing, and the things made also look like the real thing.

It seems that there has been a breakthrough and superconductors can be produced, but the superconductors made along this technical route are unusable 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. There are many people willing to pay for its observation value. It can be sold for at least one or two hundred million yuan. Wouldn’t the funding gap of Guangjia Aerospace be filled?
Since public opinion is so heated, I might as well add fuel to the fire, Chen Yuanguang thought.

LK99 is not only popular in China, but also abroad. It is a hot topic around the world.

The main reason is that we haven’t seen such disruptive technology for a long time.

　Continue tomorrow!
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(End of this chapter)