Core Viewpoint - The recent surge in satellite-related ETFs indicates growing investor interest in the satellite industry, driven by domestic satellite operators submitting network data to the International Telecommunication Union (ITU) [1][2]. Group 1: ETF Performance - Multiple satellite-related ETFs experienced significant price increases, with the Satellite Industry ETF (159218) rising by 10.01% to 2.374, and the Satellite ETF (159206) increasing by 10.00% to 2.201 [2]. - Other ETFs, such as the E Fund Satellite ETF (563530) and Penghua Satellite ETF (563790), also saw notable gains of 9.99% and 9.92%, respectively [2]. Group 2: Satellite Network Submissions - Domestic satellite operators have submitted satellite network data to the ITU, which is a routine procedure and should be viewed rationally by the public [3]. - The submission of satellite network data is the first step in deploying satellite systems, which typically requires a lengthy process of reporting, coordination, and maintenance [3]. Group 3: Deployment Timeline - The deployment of satellite systems generally requires 2 to 7 years of preparation, including the submission and coordination of satellite frequency and orbital resources [3]. - Many countries have reported satellite networks with over 100,000 satellites, indicating a significant global interest in satellite deployment [3]. - The actual deployment of satellites may undergo dynamic optimization and adjustments based on various factors, including international coordination and market demand [3].

Core Viewpoint - China has submitted an application to the International Telecommunication Union (ITU) for frequency and orbital resources for 203,000 new satellites, marking the largest international frequency application action to date [1]. Group 1: Application Details - The application covers 14 satellite constellations, including low and medium Earth orbit satellites [1]. - The Wireless Radio Spectrum Development and Technology Innovation Research Institute (referred to as "Radio Innovation Institute") applied for two constellations, CTC-1 and CTC-2, requesting 96,714 satellites each, totaling 193,428 satellites, which accounts for over 95% of the total application [1]. - Other applicants include China Star Net, China Mobile, and Yuanxin Satellite [1]. Group 2: Industry Impact - This large-scale application is expected to activate the entire satellite manufacturing, launching, and operational industry chain, promoting significant advancements in China's aerospace industry [1]. - The application process is a routine operation to comply with ITU regulations, which typically requires 2 to 7 years of preparation for satellite network applications, coordination, registration, and maintenance before launching satellites [2]. Group 3: International Context - Several countries have already submitted satellite network data for over 100,000 satellites based on their circumstances [2]. - The actual deployment scale and technical parameters of the satellites may undergo dynamic optimization and adjustments due to various factors such as international coordination of frequency resources, system construction, and market demand changes [2].