中国银河证券:太空算力三重变现闭环 建议关注卫星互联网产业链三大主线
智通财经网·2026-01-22 07:16

Group 1 - The core business model of the "Three-Body Computing Constellation" integrates "space communication links + on-orbit computing centers + intelligent data platforms," addressing enterprise-level cross-border data transmission and real-time computing scheduling needs [1][2][3] - The project aims to launch 2,800 computing satellites, achieving a total computing power of 1,000 Peta Operations Per Second (POPS) and inter-satellite laser communication link speeds of 100 Gbps [3] - The estimated annual revenue upon completion of the network is approximately 27 billion yuan, with three main business segments: dedicated network transmission (16.5 billion yuan/year), computing leasing (5.1 billion yuan/year), and data services (5.4 billion yuan/year) [3] Group 2 - The "Three-Body Computing Constellation" represents a paradigm shift from "communication transmission" to "on-orbit intelligent computing," enabling real-time processing of space data and addressing energy supply and deployment flexibility issues for next-generation AI clusters [1][2] - The model includes three dimensions: space communication and star cable plans, space computing leasing services, and intelligent data services, which collectively enhance data transmission efficiency and provide edge computing capabilities [2][3] - The project aligns strategically with national initiatives such as the "integration of space and ground networks" and the "East Data West Computing" project, positioning itself as a core hub in the space economy ecosystem [3]

CGS-中国银河证券:太空算力三重变现闭环 建议关注卫星互联网产业链三大主线 - Reportify