According to the CITIC Securities Research Report, domestic low-orbit satellite networking has accelerated since November, and Beijing has released a space data center construction plan. It plans to build the first space data center by 2030 and a large-scale space data center by 2035. Previously, the National Defense Bureau of Science, Technology, and Industry established the Commercial Space Department+Fourth Plenary Session of the Central Committee to mention “space powers”; according to the Shanghai Securities News, the recyclable rocket “Long March 12”/“Suzake-3” is about to be launched. Satellite payloads are the key to achieving satellite networking communication functions. Among them, the “interstellar laser link” is responsible for star-to-star transmission. It is an upgraded technology for microwave communication. The technical barriers are high, and it is the key support for space computing power from concept to practical use. We expect that with the increase in the number of satellites, the increase in single-star computing power, and the complexity of satellite networks, the importance of interstellar lasers will further increase. We recommend focusing on companies that currently have leading card positions on the payload side.

According to the CITIC Securities Research Report, domestic low-orbit satellite networking has accelerated since November, and Beijing has released a space data center construction plan. It plans to build the first space data center by 2030 and a large-scale space data center by 2035. Previously, the National Defense Bureau of Science, Technology, and Industry established the Commercial Space Department+Fourth Plenary Session of the Central Committee to mention “space powers”; according to the Shanghai Securities News, the recyclable rocket “Long March 12”/“Suzake-3” is about to be launched. Satellite payloads are the key to achieving satellite networking communication functions. Among them, the “interstellar laser link” is responsible for star-to-star transmission. It is an upgraded technology for microwave communication. The technical barriers are high, and it is the key support for space computing power from concept to practical use. We expect that with the increase in the number of satellites, the increase in single-star computing power, and the complexity of satellite networks, the importance of interstellar lasers will further increase. We recommend focusing on companies that currently have leading card positions on the payload side.