Group 1 - The European Space Agency (ESA) and CERN have collaborated for 10 years, enhancing knowledge and facility sharing to maintain Europe's leadership in technological innovation [1] - The Euclid space telescope, launched in July 2023, aims to map dark matter and dark energy, expected to catalog around 8 billion galaxies by 2024 [1] - CERN provided critical technological support for the Euclid project, developing a ground science system to process raw data from the telescope [1][2] Group 2 - CERN and ESA have developed advanced technologies for Earth observation satellites, enabling environmental monitoring and weather forecasting [3] - The Edge SpAIce project, which includes CERN, aims to monitor ecosystems and track ocean plastic pollution using high-performance machine learning technology [3] Group 3 - The JUICE (Jupiter Icy Moons Explorer) mission, set to arrive at Jupiter in July 2031, will explore the planet and its moons, requiring advanced radiation protection technologies [4] - CERN has developed the VESPER testing facility to simulate Jupiter's extreme radiation environment for the JUICE mission [4] Group 4 - The LUMINA space radiation monitoring program, initiated by ESA astronaut Thomas Pesquet, uses specialized optical fibers to monitor radiation levels in the International Space Station [5] - The CELESTA satellite, launched in July 2022, focuses on studying cosmic radiation's effects on electronic devices [5] Group 5 - The collaboration between ESA and CERN supports the burgeoning space economy, facilitating the transformation of cutting-edge technologies into commercially viable space applications [6] - The Timepix technology, developed by CERN, has applications in medical imaging and radiation detection, showcasing its commercial potential [6] - Private companies like Advacam and SigmaLabs are leveraging Timepix technology for radiation monitoring systems and space radiation detectors, respectively [6][7]

在科技投资圈，方舟投资（ARK Invest）对 SpaceX 的最新估值预测掀起了不小的波澜。这家由 "木头 姐"Cathie Wood 掌舵的机构通过开源模型指出，到 2030 年 SpaceX 的企业价值有望达到 2.5 万亿美元 —— 这意味着较 2024 年末 3500 亿美元的估值将实现超 7 倍增长。当传统航天产业还在按发射次数计 算价值时，方舟的模型早已穿透地球引力，将火星殖民、轨道资源等 "星际变量" 纳入估值坐标系。这 背后，是马斯克用火箭、卫星与机器人编织的商业闭环，正在重构人类对太空经济的想象边界。 从现金流到火星的自增强循环 方舟投资的估值模型核心，在于捕捉到 SpaceX 独特的 "商业飞轮"—— 这个以现金为起点的循环体系， 正以超乎想象的速度转动。模型显示，SpaceX 的价值创造遵循着清晰的逻辑链条：先用猎鹰火箭的重 复使用技术降低发射成本，再以星链卫星构建全球通信网络获取用户现金流，随后将收益重新投入火箭 研发与火星计划，形成自我强化的增长闭环。 "传统航天企业的估值锚定在单次发射价格，而 SpaceX 的飞轮正在改写游戏规则。" 方舟分析师在报告 中指出。以猎鹰 9 号为 ...

通信行业近一年市场表现 投资要点 2025 年 6 月 12 日 行业研究/行业周报 通信 周跟踪（20250602-20250606） 领先大市-A(维持) ——海外强业绩引领下算力仍是最强主线，移动普缆招标平稳落地 行业动向： 相关报告： 【 山 证 通 信 】 英 伟 达 财 报 加 速 GB200 出货预期，算力互联行动计划发 布 - 周 跟 踪 （ 20250526-20250601 ） 2025.6.5 跟踪：英伟达 computex 强调边缘计算， 超节点是国产算力重要元素 2025.5.30 高宇洋 执业登记编码：S0760523050002 邮箱：gaoyuyang@sxzq.com 张天 执业登记编码：S0760523120001 邮箱：zhangtian@sxzq.com 研究助理： 孙悦文 分析师： 1.3 Credo 业绩超预期，新晋 CSP 客户将持续放量。Credo 最近财季实现收入 1.7 亿美元，环比增长 26%，同比大增 180%。公司在过去四个季度的 2025 财年 总营收达到 4.4 亿美元，同比增幅达 126%。公司预计，2026 第一财季的收入将 达到 1.85-1 ...

据环球网援引俄罗斯《消息报》报道，科技巨头埃隆·马斯克的父亲埃罗尔·马斯克高调现身莫斯科"2050 未来论坛"，其行动轨迹与俄方近期释放的信号形成微妙呼应。这位掌控全球12%稀土贸易的南非矿业大 亨，此次行程引发国际社会对SpaceX与俄罗斯关系的重新审视。 马斯克资料图 埃罗尔此次出山正值星链计划遭遇多重危机。2025年6月，太阳活动高峰期导致近地轨道大气密度显著增 加，已有超过580颗星链卫星因轨道衰减坠入大气层，仅最近一周就有40余颗卫星"集体失联"。这种自然 威胁被SpaceX的激进部署放大——截至2025年6月，星链在轨卫星达7300颗，占全球低轨航天器的61%， 高密度星座在太阳活动峰年的连锁反应超出预期。 技术层面，星链卫星搭载的离子推进器推力有限，难以应对长期轨道维持需求。2024年发射的"星链 V1.5"卫星工程师透露，原本设计5年寿命的卫星，在强磁暴期间轨道衰减速度加快40%，有些卫星甚至 撑不到3年。这种"以量取胜"的策略在太空环境突变时难以为继，2024年星链卫星损失率高达7%，远超 行业3%的安全阈值。 埃罗尔·马斯克此行的公开身份是论坛特邀嘉宾，但他的另外两个身份更值得关注：美俄科 ...

Voyager的上市之路备受瞩目，其发行价最终确定为31美元，远高于此前公布的26至29美元的发行区间。此次IPO，该公司共发行了1230万股股票，成功募 集到3.81亿美元的资金。这一消息无疑为市场注入了一剂强心针。 在上市前夕，Janus Henderson Investors和Wellington Management两大投资机构已明确表示有意购买总计6000万美元的股票，这无疑为Voyager的上市增添了 更多信心。 上市首日，Voyager的表现不负众望。其开盘价高达69.75美元，较发行价飙升125%；收盘价也稳定在56.48美元，较发行价上涨了82.19%。以此收盘价计 算，公司的市值已经达到了31亿美元。这一成绩不仅彰显了市场对Voyager的认可，也为其未来的发展奠定了坚实的基础。 近日，一家专注于国防技术和太空解决方案的公司——Voyager Technologies（股票代码：VOYG）成功登陆美国纽约证券交易所，标志着其在资本市场的 新篇章。 其中，Starlab空间站项目是Voyager最为引人瞩目的项目之一。该项目旨在接替即将退役的国际空间站，成为未来太空探索的重要平台。目前，Vo ...

金十数据6月12日讯，空客、泰雷兹和莱昂纳多打造欧洲新太空新势力的希望面临着近三年的等待，这 引发了人们对欧洲大陆能否在迅速发展的太空领域保持竞争能力的质疑，而马斯克的SpaceX早已成为 这个行业的颠覆者。这三家公司之间的谈判始于去年，谈判内容是将双方的太空业务合并为一家涵盖卫 星制造、太空系统和服务的合资公司。但知情人士表示，如果在今年年底前达成协议，监管和政治审查 将意味着合并不太可能在2028年之前启动。在一个对国防越发重要的领域，它涉及到主权问题，还引发 了有关竞争、技术实力以及法国、德国、意大利、英国及其他国家可能受到影响的逾2万个工作岗位的 问题。 （英国金融时报） 欧洲打造太空新势力的计划面临挑战 ...

同样瞄准星辰大海，中国矿业大学（徐州）展陈的太空采矿机器人研发与应用项目，针对小行星复杂的地表环境，并 受节肢昆虫、啄木鸟攀附运动和折纸技术的运动机制启发，设计出一种移动—锚固—采样一体化的太空采矿机器人，为开 展小行星探测研究提供了理论参考。 从地表到低空，汽车也能飞上天。展区内，来自东南大学的"东大·鲲鹏1号"分布式电驱动飞行汽车，可实现地面快速 移动与空中灵活飞行的无缝切换，成为国内首辆分布式电驱动飞行汽车。它采用全轮转向的全轮驱动架构，搭载四轴八桨 垂直起降系统，整机尺寸为2.1×1.2×1.5米，最大起飞重量500公斤，地面最高速度每小时60公里，飞行续航时间≥20分钟， 最大飞行高度≥300米。 陆空一体化，上天也入海。上海海洋大学带来的智能软体仿生鱼"文鳐""金鳞"，惟妙惟肖模仿真实鱼类的体态。据了 解，仿生鱼核心器部件全部国产化，同时具备共融性、超仿生、隐身性三大优势，满足长续航、高机动、大负载、大范围 作业需求。它们可以搭载多款高精度传感器，满足对鱼群的实时状态监测需求，实现全空间水下鱼群智能识别与互动，同 时也可以作为观赏鱼与真鱼"共游同乐"。 上海市高校科技发展中心表示，自第七届上交会" ...

Group 1: Core Insights - The current moment is seen as a pivotal point for the explosion of the artificial intelligence (AI) industry, with AI technologies increasingly integrated into daily life [1] - The "Belt and Road" initiative has identified ten key AI application scenarios, including low-carbon smart factories and disaster intelligent early warning systems, aimed at enhancing economic, social, and ecological capabilities [2][4] - Experts suggest that the future of AI may involve applications in space, indicating a golden age for AI technology innovation [2] Group 2: Challenges in AI Development - A significant challenge for the AI industry is the increasing demand for computing power, which is growing exponentially due to large models and smart hardware [3][4] - The shortage of talent in the AI sector is another critical issue, with a rising need for new roles such as AI ethicists and product managers, highlighting the importance of innovation and education in addressing this gap [4][5] Group 3: Solutions and Initiatives - To tackle the computing power issue, initiatives like the "Three-body Computing Constellation" project aim to enhance satellite computing power significantly [5] - Educational institutions are exploring new models for talent cultivation, suggesting interdisciplinary integration of database management and AI algorithm courses to better prepare students for the industry [5] - The "AI Reinforcement Learning Sustainable Development Plan" has been launched to promote accessible AI education and establish technical standards for learning efficiency [5]

Group 1 - The small and micro-cap style has shown strong performance recently, leading to increased investor enthusiasm for related funds, prompting fund companies to limit purchases to protect existing shareholders' interests [1] - Several Hong Kong Stock Connect funds have announced restrictions on large subscriptions for Class I shares, citing the need to protect the interests of fund shareholders, while other classes remain unrestricted [1] - Institutions have been actively researching over 60 companies in the Apple supply chain, anticipating a new replacement cycle for iPhones driven by Apple's increased investment in AI and smarter voice assistants [1] Group 2 - The Shanghai Stock Exchange is accelerating the inclusion of Sci-Tech Innovation Board ETFs into the fund transfer platform, aiming to optimize market mechanisms and attract more social capital into key national support areas [2] - International investors are expected to continue diversifying their asset allocations, with non-US assets gaining favor, particularly Chinese assets due to valuation and profit advantages [2] Group 3 - The price of glyphosate, the most widely used herbicide globally, has been rising, with increased orders and production activity reported as the export season to South America approaches [3] - The demand for glyphosate is expected to grow in the long term due to the increase in genetically modified crop planting and the gradual exit of other herbicides from the market [3] Group 4 - The Gansu Provincial Government has issued guidelines to promote the high-quality development of government investment funds, emphasizing the need to control the establishment of new funds and optimize existing ones [4] - Three listed companies are collaborating to invest in humanoid robotics, focusing on the development and production of core components for embodied intelligent robots [4] Group 5 - The rapid rise of the innovative drug sector has created opportunities for many medical-themed funds, leading to several funds choosing to close their fundraising early to capitalize on the market window [5] Group 6 - The concept of "space computing" is gaining traction globally, with initiatives from both the US and China to establish data centers in space, indicating the onset of a new technological revolution [6] - The largest equity ETF in the market, managed by Huatai-PB Fund, is set to implement a cash dividend, with total dividends expected to exceed 8 billion yuan, reflecting a growing trend in ETF distributions [6] Group 7 - The tourism market is experiencing a peak in bookings as summer approaches, with university students leading the demand for travel, particularly for graduation trips [7] - Popular travel destinations for outbound tourism include Japan, the UAE, and Southeast Asia, driven by improved visa accessibility and restored flight capacity [7]

Core Insights - The emergence of space computing is being driven by initiatives from companies like Starcloud and the successful launch of China's first space computing satellite constellation, indicating the onset of a "space computing era" [1][2]. Group 1: Space Computing Developments - Starcloud plans to launch a refrigerator-sized satellite data center into space by August this year [1]. - China's first space computing satellite constellation, consisting of 12 satellites, has been successfully launched, marking a significant milestone in the "Three-body Computing Constellation" project [2]. - The constellation is designed to achieve a total computing power of 5POPS (5 quadrillion operations per second) with individual satellites capable of 744TOPS [2][3]. Group 2: Technological Advancements - The satellites are equipped with onboard intelligent computing systems and inter-satellite communication systems, enabling real-time data processing in space [2]. - The space data center can utilize solar energy for continuous power supply and operates in near absolute zero conditions, reducing the need for additional cooling systems [2][3]. - The development of laser communication technology allows for high-speed data transfer between satellites, with a maximum rate of 100Gbps [2][3]. Group 3: Future Prospects - The goal is to deploy over 50 computing satellites this year and reach a scale of 1,000 satellites by around 2030 [3]. - The "Three-body Computing Constellation" is expected to play a crucial role in emergency response, environmental protection, and smart city development by providing timely data processing capabilities [5]. - The shift towards space computing is anticipated to reshape the satellite industry, with a focus on single-function satellites that can lower manufacturing and launch costs [4][5]. Group 4: Industry Collaboration - Companies like National Star Aerospace and Helios Lightlink are collaborating on the development of satellite technologies, including laser communication terminals [3][6]. - The successful launch of the first space computing satellite constellation is a result of collaborative efforts among various technology providers [6]. - Challenges such as thermal management, radiation risks, and economic feasibility remain critical obstacles that need to be addressed for the successful deployment of space data centers [7].