Core Viewpoint - The article highlights the recent completion of over ten million yuan angel round financing for Xiangkong Technology, emphasizing its focus on the long-term value of niche markets in satellite internet and 6G integration [4][5]. Company Overview - Xiangkong Technology was established in 2024 and is headquartered in Pudong, Shanghai. The company specializes in low Earth orbit satellite communication, 5G/6G, and dedicated communication fields, offering key products such as prototype verification devices, high-performance general channel simulators, and phased array terminals [7]. Market Analysis - The satellite internet sector is evolving from traditional dedicated communication systems to a deep integration with terrestrial mobile communications, driven by global digital infrastructure upgrades and accelerated 6G research. Low Earth orbit satellites are becoming crucial for future multi-dimensional communication networks due to their low latency, high capacity, and global coverage capabilities. The demand for simulation verification, prototype testing, and key equipment is increasing as the technology and systems rapidly evolve [9]. Team Background - The founder, Liu Jinlong, has nearly 20 years of experience in foreign enterprises, focusing on commercial aerospace R&D and business development. The team consists of over 90% researchers, with core technical personnel averaging over ten years of industry experience, contributing to a solid foundation in satellite internet technology verification [12]. Product System and Competitive Advantage - The product system is divided into two main parts: the space segment and the user segment. The company provides R&D verification and simulation equipment for satellite internet communication technology development, which is currently scarce in the domestic market. In the user segment, the focus is on digital phased array terminals, which offer greater potential in beam control precision and flexibility compared to existing analog products [15]. Current Product Delivery and Technical Challenges - The company has begun delivering simulation and verification equipment to satellite engineering units and university laboratories, while the phased array terminal is still in the R&D phase. The main technical challenge lies in the lack of mature precedents for reference, as the integration of satellite internet with terrestrial communication is an emerging technological path [16]. Investor Perspective - Liu He Venture Capital expresses strong recognition of Xiangkong Technology's deep industry insights, solid technical accumulation, and excellent productization capabilities. The focus on the integration of satellite internet and 6G is seen as a key direction for building future all-encompassing communication infrastructure, with significant value [18].