User Growth & Expansion - Starlink's user base has surpassed 9 million, covering 155 countries [1] - The daily user growth rate is 2.1%, a 50% increase compared to the previous month [1] - Starlink added 2 million users from August to the present [1] Technological Impact - Over 10,000 satellites are enabling high-speed internet access in remote areas [1] - Starlink is transforming global connectivity, allowing access in areas like the Mongolian desert and South American fishing boats [1] Financial Projections & Future Plans - Starlink's annual revenue is projected to exceed $5 billion [1] - Revenue will support SpaceX's Mars mission [1] - SpaceX is driving the space economy [1]

Investment Rating - The industry investment rating is "Positive" and maintained [6]. Core Insights - The U.S. government is enhancing its space policy to ensure leadership in space exploration, security, and commercial sectors, aiming to attract at least $50 billion in private investment by 2028 [2][8]. - The importance of space resources is increasing globally, with multiple countries competing to develop their commercial space industries, particularly benefiting satellite manufacturing and rocket launch sectors [2][8]. - China's advancements in reusable rocket technology are expected to drive the comprehensive development of its commercial space industry, with a focus on core suppliers in the satellite application sector [2][8]. Summary by Sections Event Description - On December 18, the U.S. White House announced an executive order to establish a vision for a "America First" space policy, ensuring U.S. leadership in space exploration and commercial activities [4]. Event Commentary - The U.S. aims to return humans to the Moon by 2028 and establish a permanent lunar outpost by 2030, linking efficient launch capabilities to national security [8]. - The competition in space policy between the U.S. and China indicates that space may become a significant arena for technological competition [8]. - The rapid advancements in space technology, including successful rocket recovery by companies like SpaceX, highlight the industry's high growth potential [8].

Core Viewpoint - JunDa Co., Ltd. has entered a strategic partnership with Hangzhou Shangyi Optoelectronics Technology Co., Ltd. to invest in perovskite battery technology for space energy applications, marking a significant step in the aerospace sector and aligning with national space strategies [1][2]. Group 1: Strategic Partnership - The collaboration combines the strengths of a satellite battery manufacturer and a photovoltaic battery specialist, enhancing the development of perovskite space energy solutions [2]. - JunDa Co. aims to leverage its leadership in photovoltaic technology to become a global leader in space photovoltaic applications [1][2]. Group 2: Technological Advancements - JunDa Co. has achieved a laboratory efficiency of 32.08% for its perovskite tandem batteries, positioning itself at the forefront of the industry [2]. - The partnership will focus on research and development tailored to the unique demands of space environments, including material systems and structural design [3]. Group 3: Market Potential - The space economy is transitioning from exploration to industrialization, with a projected market size for space computing reaching 100 GW annually, highlighting the growing demand for stable and adaptable energy solutions [4][5]. - Perovskite technology offers advantages such as lightweight, high energy density, and cost-effectiveness, making it suitable for the rigorous requirements of space applications [5][6]. Group 4: Future Growth Opportunities - The partnership is expected to enhance JunDa Co.'s capabilities in high-demand applications, contributing to the national goal of becoming a space power and supporting global energy transitions [7]. - The collaboration is seen as a strategic move to capitalize on the historical opportunity presented by the booming space economy [7].

Core Viewpoint - The space photovoltaic market is entering a rapid growth phase driven by the deployment of low Earth orbit (LEO) satellite constellations and the burgeoning space computing industry, positioning the space economy as a key arena in reshaping global technological competition [1] Industry Summary - The total planned number of global low Earth orbit satellites has surpassed 100,000, indicating a new phase of dense networking and large-scale development in the industry [1] - The functionality of low Earth orbit satellites is continuously upgrading, expanding from remote sensing and communication to high-computing tasks such as on-orbit AI training and low-latency edge computing, which increases the demand for lightweight and high-efficiency energy solutions [1] - The rapid expansion of AI computing clusters is leading to energy supply and heat dissipation challenges for ground computing, with power and cooling demands exceeding the capacity of existing ground facilities, making space computing a critical solution [1]

证券简称：钧达股份 证券代码：002865 问题四：钙钛矿电池在太空应用有什么优势？ 投资者关系活动类别 □ 特定对象调研 ☑ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他（请文字说明其他活动内容） 参与单位名称及人员姓名 东吴证券股份有限公司徐铖嵘；民生证券股份有限公司林誉韬； 天风证券股份有限公司敖颖晨；中信证券股份有限公司吴子祎； 长江证券股份有限公司任佳惠；中信证券股份有限公司林劼；山 西证券股份有限公司肖索；中国国际金融股份有限公司胡子慧； 广发证券股份有限公司邹昱旻；天风证券股份有限公司艾方好； 西部证券股份有限公司杨敬梅；万家基金管理有限公司陈飞达； 平安资产管理有限责任公司李文杰；华福证券有限责任公司卢大 炜；汇添富基金管理股份有限公司李宁；华泰证券股份有限公司 宫宇博；中信建投证券股份有限公司任佳玮；财通证券股份有限 公司李晨；东方财富证券股份有限公司朱晋潇；光大证券股份有 限公司郝骞；开源证券股份有限公司周航；上海申银万国证券研 究所有限公司马天一；兴业证券股份有限公司杨森；交银施罗德 基金管理有限公司费琼艳；摩根士丹利基金管理（中国）有限 ...

来源：周建明频道 特朗普在提名艾萨克曼为NASA局长之前，提名了肖恩·达菲作为代理局长。再次提名艾萨克曼的核心原 因是：他的太空经验与商业背景符合特朗普的"太空经济"战略，他的政治立场调整与游说努力获得特朗 普信任，马斯克与特朗普的关系缓和为提名铺路，以及他的太空愿景符合特朗普的"美国优先"战略。这 一决定标志着特朗普政府对商业航天的重视如推动NASA与私营企业合作，以及应对中国太空竞争的紧 迫感如推动美国重返月球。艾萨克曼的再次提名，也反映了特朗普政府在人事任命上的灵活性如调整政 治立场以适应需求。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1． 商业航天领域的成功经验：从"创业者"到"太空先驱" 艾萨克曼的商业背景是其被任命的关键优势。他16岁辍学创立支付公司Shift4 Payments（后成为美国标 普指数成分股企业），积累了丰富的企业管理与风险承担经验。更关键的是，他是商业航天的深度参与 者与推动者： 2021年，他自费包下SpaceX载人龙飞船，执行"灵感4号"（Inspiration4）任务，成为全球首位完成全平 民太空飞行的指挥官； 一、美国任命贾里德·艾萨克曼 ...

记者丨 凌晨 编辑丨朱益民 当埃隆·马斯克旗下的SpaceX以创纪录的165次年度发射收官，并因进入"监管静默期"而向"史上最大IPO"迈出关键一步时，资本市场的兴奋感 早已越过太平洋，在A股市场找到了一个看似完美的落脚点——SpaceX核心供应商链。 作为国内盛传的SpaceX供应链企业，西部材料（002149.SZ）股价在近期走出强势行情，近一周内从28.93元攀升，截至12月19日报收37.72元/ 股，市值达184.2亿元，创 历史新高，股价年内大涨116%。 值得一提的是，该公司通过西诺稀贵、西部钛业、天力复合(920576.BJ)等子公司在商业航天、军工钛材及核电复合材料等细分赛道构建的"隐 形冠军矩阵"，是其被市场赋予高估值叙事的重要支撑。 然而，绚烂的概念光环之下，一份冰冷的三季报正投下浓重的阴影：2025年前三季度，公司扣非净利润同比腰斩。 一边是承载着未来太空经济想象的百倍市盈率，另一边是传统主营业务的疲软与业绩的骤然失速，西部材料正站在一个前所未有的叙事裂口之 A股又跑出一个大牛股，年内涨幅翻倍 西部材料是A股"可控核聚变"赛道龙头之一。 为了进一步确认上述消息，21世纪经济报道记者致电 ...

Core Viewpoint - The article highlights the advancements and strategic positioning of Xingtum Control Technology Co., Ltd. in the aerospace control sector, emphasizing its technological innovations and market strategies to address the growing demands of space traffic management and satellite monitoring [2][10]. Group 1: Technological Innovations - Xingtum Control has developed the "Insight" software system and ground control equipment, enabling precise command delivery to satellites hundreds of kilometers away, ensuring smooth operations and continuous data transmission [2]. - The company has achieved significant breakthroughs in aerospace control technology, supported by over 40 invention patents and more than 290 software copyrights [2]. - The "Insight" space information analysis system was launched in 2018, integrating hundreds of algorithms for orbital prediction and collision warning, which was a major challenge for the company [3][4]. Group 2: Market Strategy - The company focuses on establishing a strong foundation in specialized fields while expanding into commercial sectors, aiming to respond quickly to the explosive demand in commercial aerospace [6]. - From 2020 to 2024, Xingtum Control's revenue is expected to grow at a compound annual growth rate of over 80%, with a long-term gross margin exceeding 50% [6]. - The company has adapted its strategy to target the commercial space sector, recognizing the upcoming demand for low-orbit satellite constellations [6][7]. Group 3: Future Developments - Xingtum Control plans to launch the "Star Eye" space perception constellation, consisting of 156 satellites, to create a global monitoring network for near-Earth orbits [9]. - The "Star Eye" system aims to provide real-time tracking, orbit determination, and collision risk analysis, addressing the increasing congestion and debris risks in space [9]. - The company envisions a future where space services are data-driven, offering customized data services to governments and operators, thus opening broader market opportunities [10].

而在11月，特朗普又重新提名艾萨克曼。在本月早些时候的听证会上，艾萨克曼表示他将支持特朗普开采月球资源的愿望。此前特朗普明确表示，他希望美 国建立一个永久性月球基地，以便开采资源并作为通往火星的跳板。 当地时间12月17日，美国参议院正式批准任命亿万富翁、私人宇航员贾里德·艾萨克曼担任美国国家航空航天局（NASA）局长。据央视新闻报道，美国参议 院以67票赞成、30票反对的投票结果，确认其担任NASA第15任局长。 ▲贾里德·艾萨克曼 非典型掌舵人： 净资产12亿美元，两度太空旅行 本职是商人的艾萨克曼今年42岁，一直以来也是航天爱好者，他曾通过自筹资金进行地球轨道实验飞行，在航天领域声名鹊起。如今，他也成为第一位来自 政府之外的美国航天局局长。 艾萨克曼的净资产估计为12亿美元，主要来自他的支付处理公司以及出售一家培训飞行员并运营私人军用飞机机队的公司所得。美国航天局局长一职将是他 涉足政坛的第一份工作。 美国航天局的管理人员通常从科学家、工程师、学者或公务员中选拔。这使得身为科技企业家的艾萨克曼成为美国航天局一位非典型的领导人。尽管他在科 学界和华盛顿特区的部分人士中招致了一些批评，但也得到了一些支持。支 ...

（原标题：卫星产业链爆发，卫星ETF易方达、卫星ETF广发、卫星ETF、卫星产业ETF涨超3%） 业内指出，卫星产业远期空间巨大，且具备发展的确定性。卫星是未来万物互联时代重要的基建设施， 承担重要的数据、信息传输任务，可以做到无死角、高质量发展紧迫性:全球轨道资源有限，"占频保 轨"是国家战略刚性要求。国内市场规模空间大，到2030年空间增长预计CAGR达到15%。 A股三大指数今日涨跌不一，截至收盘，沪指涨0.16%报3876.37点，深证成指跌1.29%，创业板指跌 2.17%，北证50跌0.51%。全市场成交额16722亿元，较上日成交额缩量1621亿元，超2800股上涨。 盘面上，商业航天产业迎来政策与技术双重催化，相关概念股现涨停潮。 卫星产业链爆发，卫星ETF易方达、卫星ETF广发、卫星ETF、卫星产业ETF涨超3%，本月涨超13%。 卫星ETF跟踪中证卫星产业指数，对产业链覆盖全面且聚焦，在应用端占比高符合产业发展长期趋势， 龙头集中度高。 卫星板块上涨，消息面上，行业迎密集催化：火箭首飞突破运力瓶颈:25年底，有多款民营火箭首飞在 即，有望突破卫星产业发展的核心瓶颈，彻底打通行业逻辑；2.卫 ...