新工业周报：SpaceX成功发射第四次Axiom公司载人任务，波音公司5月份新订单与生产表现强劲-20250627

Investment Rating - The report suggests a strong long-term infrastructure construction demand in the U.S. and recommends focusing on companies like GE Vernova, Siemens Energy, Mitsubishi Heavy Industries, Hitachi, Mitsubishi Electric, and Schneider Electric [5] Core Insights - The report highlights the ongoing negotiations between OpenAI and Microsoft, indicating a mutually beneficial relationship despite some tensions [15] - The U.S. Federal Energy Regulatory Commission (FERC) has introduced a new method for managing transmission system capacity, aiming to release more capacity without costly new construction [18] - The report notes that the average spot price of electricity in major U.S. regions has increased by 12.5% week-on-week, while natural gas prices have also risen significantly due to geopolitical factors and extreme weather [3] - The report emphasizes the importance of small modular reactors (SMR) as a preferred energy solution for AI data centers, especially with the support of the Trump administration [54][55] Summary by Sections Global Infrastructure and Construction Equipment - OpenAI and Microsoft are renegotiating their partnership, with both parties acknowledging the strategic importance of AI infrastructure [15] - The U.S. is expected to invest over 825 billion yuan in grid infrastructure by 2025, maintaining a high level of activity [18] Global Electrical and Intelligent Equipment - The gas turbine price index increased by 5.3% year-on-year in May 2025, indicating a tightening supply-demand relationship [22] - The report anticipates that the U.S. gas turbine market will grow primarily due to the development of AI data centers [25] Global Energy Industry - The average spot price of electricity in the U.S. has risen by 12.5% week-on-week, while natural gas prices have increased by 17.4% [3] - The report mentions that the U.S. is expected to increase its nuclear power capacity significantly by 2029, driven by the demand from data centers [55] Global New Materials - The report states that the actual market price of uranium was $52.17 per pound in April 2025, reflecting a year-on-year decrease of 27.2% [4] Global Defense and Aerospace - The price index for aircraft engines and parts remained stable in May 2025, with a year-on-year increase of 1.7% [4] Key Company Updates - GE Vernova is investing $70 million to build the world's first BWRX-300 SMR engineering and service center near the Darlington new nuclear project site in Ontario [52] - Siemens Canada announced plans to gradually close a factory in Ontario to enhance global competitiveness [52] - ABB has expanded its large robot product line, introducing a compact mobile robot [52]