商业航天：卫星网络将成为太空智能体

Investment Rating - The industry rating is "Recommended" [1] Core Insights - The trend of integrated development of satellite networks is characterized by the convergence of sensing, computing, and communication, evolving into an intelligent entity capable of perception, reasoning, and action [2][5] - The intelligent entity consists of three layers: 1) Global Connectivity Layer, providing comprehensive and optimal connectivity; 2) Fusion Capability Layer, where "cloud-edge-end collaboration" becomes an intrinsic capability; 3) Intelligent Service Layer, where "network as intelligence" offers cognitive-level information services [5][7] - The evolution of satellite networks from "technical tools and infrastructure" to "intelligent ecological hubs" and "value creation platforms" is highlighted, aiming for seamless loops of global perception, intelligent computation, and on-demand services [2][8] Summary by Sections Integrated Sensing and Computing - The sharing of satellite infrastructure allows for multi-modal functionalities on a single satellite platform, exemplified by the Iridium second-generation system integrating communication, navigation, and situational awareness [3] - The communication network is transitioning from "connective collaboration" to "integrated coexistence," with high and low orbit collaboration and integrated space-ground networking as core directions [3] Dynamic Resource Scheduling - The construction of elastic resource networks is possible through dynamic scheduling, as seen in the Zhijiang Laboratory's "Three-body Computing Constellation," which enables in-orbit computing capabilities and resource allocation [4] Global Connectivity and AI-Driven Services - The global connectivity layer features a three-dimensional backbone network with high, medium, and low orbit satellites, each serving distinct roles in global resource scheduling and data processing [5][6] - The intelligent service layer transforms the network into an intelligent entity capable of understanding user intent and providing cognitive-level responses, facilitating applications across various industries [7][10] Case Study: Palantir's Meta Constellation - Palantir's "Meta Constellation" system exemplifies the integration of satellite data with multi-domain data, enabling real-time situational awareness and decision-making across military, commercial, and governmental sectors [8][9] - The system's core functions include planetary-level situational awareness, tactical target tracking, and autonomous learning capabilities, significantly enhancing operational efficiency and responsiveness [10][14] Beneficiary Companies - Companies such as Putian Technology, Holoway, Guoke Military Industry, and others are positioned to benefit from advancements in satellite technology and the growing demand for integrated satellite services [15][16][17]