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 ...

Market News - The U.S. stock market closed mixed, with the Dow Jones down 0.63%, the Nasdaq up 0.23%, and the S&P 500 down 0.24%. Tesla rose over 3%, reaching a new high since its IPO, while Meta increased by over 1% [1] - International oil prices fell significantly, with U.S. crude oil down 2.99% at $55.12 per barrel and Brent crude down 2.86% at $58.83 per barrel. Gold prices also declined slightly [1] - European stock indices closed lower, with Germany's DAX down 0.68%, France's CAC40 down 0.23%, and the UK's FTSE 100 down 0.68% [1] Industry Insights - China's successful launch of the Resource No. 3 satellite marks a significant step in the space economy, which is expected to grow into a new industry involving satellite communication, navigation, and tourism. The satellite communication industry is projected to reach between 200 billion to 400 billion yuan by 2030, with a compound annual growth rate of 10% to 28% [2] - Tesla has begun testing autonomous taxis without safety drivers, while XPeng Motors has received a license for L3 autonomous driving tests in Guangzhou. This marks a critical step towards commercializing L3 autonomous driving in China, with the potential to generate significant economic value in the coming years [3] - SK Hynix's internal analysis indicates a severe imbalance in the storage market, predicting that DRAM supply shortages will persist until 2028, which is more severe than previous forecasts. This situation is expected to benefit companies in the storage industry as demand continues to rise, particularly driven by AI applications [4][5]

Core Insights - SpaceX plans to conduct an IPO with an estimated valuation of approximately $1.5 trillion, aiming to raise over $30 billion, which could become the largest IPO in history [1][3] - The company has recently topped the 2025 Global Unicorn List, with a valuation increase of 1.2 trillion yuan over the past year, reaching 2.6 trillion yuan [1][4] - Part of the funds raised from the IPO will be allocated to developing space data centers and acquiring necessary chips [1][3] Company Overview - Founded by Elon Musk in 2002, SpaceX is a leader in the commercial space sector, focusing on reusable rocket technology and reducing space travel costs [2] - The company’s Starlink project is the largest low Earth orbit satellite internet constellation, and its Starship rocket is currently the most powerful heavy-lift launch vehicle [2] IPO Details - SpaceX is working towards completing its IPO by mid to late 2026, although this timeline may be adjusted based on market conditions and regulatory approvals [2] - If SpaceX sells about 5% of its shares at the $1.5 trillion valuation, it could raise up to $40 billion, surpassing the previous record set by Saudi Aramco [3] Market Position - SpaceX's valuation has nearly doubled in the past year, significantly outpacing competitors like Blue Origin and DJI [5] - The company has established a strong market presence with its reusable rocket technology and the commercial success of its Starlink satellite network [5] Growth Drivers - The upcoming IPO is seen as an opportunity to leverage technological barriers and the growing space economy [6] - SpaceX plans to conduct 170 orbital launches in 2025, which would account for nearly 90% of global launch capacity, creating significant scale effects [6] Challenges Ahead - The company faces regulatory and governance challenges, particularly regarding information disclosure related to its military applications and rocket technology [7] - Competition from Blue Origin and Amazon's Kuiper project poses risks to SpaceX's market share in satellite internet [7] - Balancing shareholder interests with long-term exploration goals remains a critical challenge for SpaceX as it prepares for its IPO [7]

王爷说财经讯：全球第一个身价超过6000亿美元的富豪！马斯克再次创造历史！ 12月16日，欢迎福布斯最新数据显示，马斯克身家飙升至6770亿美元，成为人类历史上首个突破6000亿美元大关的人！ 你敢信？这比阿根廷全年GDP还高，相当于3个瑞士的经济总量，5个月时间就暴涨1680亿，平均每天赚11亿多！ 6770亿美元是什么概念？分给全球79亿人，每人能分到85美元；普通人就算年薪百万，不吃不喝要赚67.7万年才能追上！可问题来了，半年前他身家才刚 破5000亿，短短5个月为何能狂揽1680亿？这波财富暴涨的核心密码是什么？SpaceX估值翻倍的背后，藏着怎样的赚钱逻辑？ 01、马斯克5年缔造的财富神话 谁能想到，2020年3月马斯克身家还只有246亿，短短5年时间，他就完成了从百亿到6770亿的飞跃。 2021年登顶全球首富，2024年底破4000亿，2025年10月跨5000亿，如今直接冲到6770亿，财富增速比火箭还快。 更有意思的是，不同机构统计有差异，彭博数据显示他身家4700亿，核心差距就在SpaceX的估值——福布斯给到8000亿，而彭博还沿用2024年的3500亿旧 数据。 这意味着，真正撑起他 ...

Key Market News - SpaceX's Starlink project faced a near-miss incident with a Chinese satellite, which SpaceX claims was uncoordinated, while the Chinese company stated all launches are conducted with collision avoidance protocols [1] - U.S. stock markets saw a collective decline, with the Dow down 0.09%, Nasdaq down 0.59%, and S&P 500 down 0.16%. Notable movements included iRobot's stock plummeting 72.69% after filing for bankruptcy, leaving its market cap at approximately $0.4 billion [2] - International oil prices fell, with WTI crude at $56.58 per barrel and Brent crude at $60.32 per barrel, while gold prices saw a slight increase [2] Industry Insights - SpaceX is reportedly initiating a selection process for investment banks to assist with its potential IPO, with expectations of raising significant funds if market conditions are favorable [3] - The satellite internet sector is projected to grow significantly, with the satellite-ground communication industry expected to exceed 200-400 billion yuan by 2030, driven by technological advancements and cost reductions [4] - China's Ministry of Industry and Information Technology granted approval for the first L3-level autonomous driving vehicles, marking a significant step towards commercial application in urban and highway settings [4][5] - The brain-computer interface market is anticipated to reach $40 billion by 2030 and $145 billion by 2040, with significant advancements in medical applications for neurological disorders [6] Stock Movements - Several companies announced share reduction plans, including De Mei Chemical, Huafeng Aluminum, and Kehua Holdings, with intentions to reduce their holdings by up to 3% of total shares [7]

Group 1: Industry Overview - The commercial aerospace sector has become a focal point in the A-share market, with related stocks experiencing a collective rise due to a combination of policy support, technological advancements, and market demand [1] - The establishment of the Commercial Aerospace Department by the National Space Administration and the release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" provide a clear policy framework, boosting market confidence [1] - Significant technological breakthroughs, such as the successful maiden flight of Blue Arrow Aerospace's "Zhuque-3" reusable rocket, mark substantial progress in reducing launch costs, indicating a potential surge in demand for satellite manufacturing and launch services [1] Group 2: Company Developments - Beichuang Technology has made progress in the development and manufacturing of precision displacement and optical platform products for commercial aerospace, although current order sizes are small [2] - Guojijiang Precision has a market share of over 90% in traditional aerospace bearings and serves several rocket companies in the commercial aerospace sector [2] - Jiuziyang has focused on developing core components for inter-satellite and ground communication, contributing to the national aerospace strategy [3] - Zhonghang Optoelectronics has successfully supported mainstream rocket models and is expanding cooperation with leading commercial rocket companies [3] - Chaojie Co. specializes in manufacturing large components for commercial rockets, with major clients among top commercial aerospace firms [4] - Huitian New Materials produces high-performance adhesives suitable for aerospace applications and is actively developing advanced materials for commercial aviation [5] - Haite High-tech is involved in satellite internet services and has developed an eVTOL simulator, contributing to the low-altitude economy [6] - Guangwei Composite Materials is a key supplier of carbon fiber materials for solid and liquid propulsion systems, with a significant role in the commercial aerospace supply chain [7] - Fuguang Co. has achieved batch production of arrow-mounted lenses and is developing various optical products for low-orbit satellites [10] Group 3: Market Potential and Future Outlook - The commercial aerospace market is expected to enter a rapid growth phase, with companies like Ruichuang Micro-Nano developing advanced satellite communication technologies [11] - The overall aerospace industry is projected to benefit from the establishment of dedicated regulatory bodies, which will promote high-quality development in the sector [6] - Companies are optimistic about the potential for significant market growth in commercial aerospace, with many actively pursuing partnerships and expanding their product offerings [12]